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Tata Steel offloads its 50% holding in Tata Elastron

Press Trust of India  |  New Delhi 

has divested its entire 50 per cent stake in Tata Elastron SA to joint venture partner for euro 0.368 million (nearly Rs 2.7 crore).

"Tata Steel's entire equity stake in 50 per cent joint venture viz. Tata Elastron SA has been divested to Elastron SA," the company said in a regulatory filing today.

said the total consideration from sale is euro 0.368 million. In the previous fiscal, Tata Elastron SA reported a turnover of euro 19.8 million.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 11:07 IST