Tata Steel to merge 7 subsidiaries with itself

Tata Steel is merging with itself six of its subsidiaries and an associate company

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The merger of 7 subsidiaries includes 4 listed and 3 unlisted firms.

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Tata Steel Long Products Ltd (TSLP), The Tinplate Company of India Ltd (TCIL), Tata Metaliks Ltd (TML) and TRF Ltd.

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this scheme is in line with the its strategy of simplifying the group structure and this would enable synergies in logistics,

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Tata Steel also says it will create additional value for shareholders.

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The development was praised by industry analysts, some of whom predicted it may save Rs 800 crore annually.

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Thanks for reading

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