For Quick Alerts
For Daily Alerts

Tata Metaliks to merge with Tata Steel

Tata Metaliks to merge with Tata Steel
Tata Metaliks Ltd has said that the Board of Directors of the Company i.e. TML and the Committee of Directors of Tata Steel Ltd (TSL), have at their respective meetings held on April 10, 2013, based on the recommendations of their Audit Committee, approved the amalgamation of TML with TSL with effect from April 01, 2013.

This is subject to and conditional upon requisite approvals and sanctions being received thereof, including approvals.

In terms of the Scheme, TML will be amalgamated with TSL followed by the dissolution of the Company without winding up.

The shares held by TSL in TML shall get extinguished and the public shareholders of TML shall be issued shares of TSL in the ratio of 4 (four) equity shares of Rs. 10/- each of TSL for every 29 (twenty nine) equity shares of Rs. 10/- each of TML in terms of the Scheme.

Further the Company has informed that Tata Metaliks Kubota Pipes Limited ("TMKPL"), subsidiary of the company at their meeting held on April 10, 2013 has also approved the amalgamation of their company with TSL.

Read more about: tata steel
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more