Post acquisition, Tata Steel's stake in TSAML has increased from 53.57% to 66.75%. The balance stake of 33.25% is held by Tata Steel Downstream Products, a wholly owned subsidiary of Tata Steel.
Tata Steel has ventured into New Materials Business (NMB) in areas of composites, graphene, medical materials amongst others. Towards this, TSAML (wholly owned subsidiary of TSL) has been identified as the anchor company to pursue business opportunities in NMB.
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