Tata Steel (TATASTEEL) — Announcement

Tata Steel announced it will acquire Nichia Steel's 40% stake in TSN Wires for approximately ₹270 crore, making the joint venture a wholly owned subsidiary and enhancing operational synergies in Southeast Asia. The deal closes within one month and involves no related party transaction concerns.

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About Tata Steel Limited (TATASTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹2,70,692.8 Cr P/E: 29.5 ROE: 10.1% ROCE: 10.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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