The steel major's stock ended up by 3.18 per cent at Rs 418.85 on the BSE. In intra-day trade, Tata Steel shares rose by 3.46 per cent to Rs 420.
At the NSE, the bluechip stock settled 3.04 per cent up at Rs 419.
"Steel & Tube has agreed to acquire Tata Steel International (Australasia) Ltd for a cash consideration of NZD 27.5 million on April 14," Tata Steel had said yesterday.
It also offers ex-mill sales of colour-coated and packaging steels, railway tracks and structural sections.
Steel & Tube, a supplier of steel products and services, is among the top 50 companies on the New Zealand Stock Exchange by market capitalisation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%