Tata Steel to acquire balance 50% stake in S&T Mining

Tata Steel has on 05 April 2022, executed a Share Purchase Agreement with Steel Authority of India (SAIL) for acquisition of the entire equity stake of SAIL (50%) held in S&T Mining Company (S&T Mining). On completion of the acquisition, S&T Mining (presently a Joint Venture between SAIL and the Company), will become a wholly owned subsidiary of the Company.

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