Tata Steel, JSW Steel, Essar Steel and Uttam Galva Steels are eyeing to acquire a majority stake in Ajmera Group's Shree Precoated Steel.

"Three primary steel makers -- Tata Steel, JSW Steel and Essar Steel -- and a prominent secondary steel maker Uttam Galva Steels have evinced interests to acquire the majority stake in Shree Precoated Steel and have submitted their respective bids," a source close to the development told PTI.

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When contacted JSW Group Joint Managing Director and Cheif Financial Officer M V S Seshagiri Rao said that the company was "not at all" interested in acquiring Shree Precoated Steel.

An Essar Steel spokesperson declined to comment and a Tata Steel spkesperson said that he had no idea on the issue.

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