5 Tata Stocks Set To Merge By FY24, Know Share Price, Returns, & More

The merger of seven subsidiary firms with Tata Steel is scheduled to be completed in the fiscal year 2023-24. Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & Wire Products, Tata Steel Mining, and S&T Mining Company are the seven businesses that will be integrated with the corporation. In September 2022, the board approved a proposal to merge seven of its subsidiaries into itself in order to maximise synergies, increase efficiency, and cut expenses.

The Board of Directors of Tata Steel at its meeting held on September 22, 2022, inter alia considered and approved the following Seven (7) Schemes of Amalgamation.

1. Tata Steel Long Products Limited ('TSLP-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

2. The Tinplate Company of India Limited ('TCIL-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

3. Tata Metaliks Limited ('TML-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

4. TRF Limited ('TRF-Transferor Company') into and with Tata Steel Limited ('Transferee Company').

5. The Indian Steel & Wire Products Limited ('ISWP-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

6. Tata Steel Mining Limited ('TSML-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company'); and

7. S & T Mining Company Limited ('S & T Mining-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company')

Source - Tata Steel's BSE filing

Listed & Unlisted Companies

Out of these seven subsidiary companies, only four are listed, while the other three namely Indian Steel & Wire Products, Tata Steel Mining, and S&T Mining Company are unlisted companies. The listed subsidiary companies that will merge with Tata Steel are Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, and TRF.

Here are the 4 stocks that are listed on the stock exchange(s):

1. Tata Steel Long Products Ltd. (TSPL).

TSLP is primarily engaged in the business of production and marketing of sponge iron, which is a single-end use (steel making) and a single-grade product. It has also one of the largest specialty steel plants in India in the SBQ (special bar quality) segment with an annual capacity of one million tons per annum and the merchant DRI segments with a strong presence in the wire rod market.

Share Price	Rs 803.30
52-Week High	Rs 861.25
52-Week Low	Rs 593.30
Market Cap	Rs 3,622.28 Cr
1 Week Return	-2.59%
1 Yr Return	22.94%
3 Yr Return	158.37%
5 Yr Return	11.08%

2. The Tinplate Company of India Ltd.

TCIL is primarily engaged in the manufacturing of tinplate, tin-free steel and other related products having its plant located in Jamshedpur, Jharkhand.

Share Price	Rs 394.65
52-Week High	Rs 420.70
52-Week Low	Rs 291
Market Cap	Rs 4,130.71 Cr
1 Week Return	-3.35%
1 Yr Return	24.03%
3 Yr Return	202.99%
5 Yr Return	133.87%

3. Tata Metaliks Ltd.

TML is primarily engaged in the business of manufacture and sale of pig iron and ductile iron pipes and allied accessories. It has its manufacturing unit in Kharagpur, West Bengal.

Share Price	Rs 945.60
52-Week High	Rs 1,000
52-Week Low	Rs 705.30
Market Cap	Rs 2,985.97
1 Week Return	-2.66%
1 Yr Return	23.89%
3 Yr Return	86.73%
5 Yr Return	39.88%

4. TRF Ltd.

TRF is primarily engaged in the business of undertaking turnkey projects of material handling for the infrastructure sector and also in the production of such material handling equipment.

Share Price	Rs 241.8
52-Week High	Rs 355.65
52-Week Low	Rs 152.70
Market Cap	Rs 266.10 Cr
1 Week Return	-0.90%
1 Yr Return	-32.08%
3 Yr Return	209.09%
5 Yr Return	43.01%

5. Tata Steel

Tata Steel is one of the leading global steel companies, with over 100 years of experience in the steel sector, and is a pioneer of steel manufacturing in India. The company is primarily engaged in the business of manufacturing steel and offers a broad range of steel products including a portfolio of high-value-added downstream products such as hot rolled, cold rolled, and coated steel, rebars, wire rods, tubes, and wires. The Company also has a well-established distribution network.

Share Price	Rs 126.85
52-Week High	Rs 134.85
52-Week Low	Rs 95
Market Cap	Rs 1,55,009.53 Cr
1 Week Return	-0.28%
1 Yr Return	21.68%
3 Yr Return	260.47%
5 Yr Return	111.42%

Disclaimer

The above-mentioned information is purely informational. Investors are advised to not take this as an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.