You are here: Home » Companies » News
Business Standard

Tata Steel subsidiary to sell entire stake in NatSteel Vina for Rs 36 crore

Tata Steel said the deal is worth Rs 36 crore for sale of 56.5 per cent stake held by NSH in NSV

Press Trust of India  |  New Delhi 

tata steel
A general view shows the Tata Steel works in Scunthorpe, northern England | Photo: Reuters

on Monday said its subsidiary NatSteel Holdings Pte (NSH) has agreed to sell its entire 56.5 per cent stake in NatSteel Vina (NSV) for about Rs 36 crore to a Vietnam-based Thai Hung Trading Joint Stock Company.

"Tata Steel's step-down subsidiary NSH has executed definitive agreements with a Vietnam-based company Thai Hung Trading Joint Stock Company to divest its entire equity stake held in NSV (56.5 per cent)," said in a regulatory filing.

NSH is a wholly-owned subsidiary (WOS) of TS Global Holdings (TSGH), which in turn is a WOS of T Steel Holdings, which ultimately is a WOS of

Tata Steel said the deal is worth Rs 36 crore for sale of 56.5 per cent stake held by NSH in NSV.

First Published: Mon, November 04 2019. 21:40 IST
RECOMMENDED FOR YOU