Tata Steel cancels TRF merger due to improved TRF business performance, with both boards agreeing. Tata Steel cancela la fusión de TRF debido a un mejor desempeño comercial de TRF, y ambas juntas directivas están de acuerdo.

Tata Steel has decided not to merge TRF Ltd as the associate company is witnessing a turnaround in its business performance. Tata Steel ha decidido no fusionar TRF Ltd ya que la empresa asociada está presenciando un cambio en su desempeño comercial. The steel major had earlier announced its plan to merge nine strategic businesses, including TRF, as part of its long term strategy and commitment to simplify its business portfolio. La importante siderúrgica había anunciado anteriormente su plan de fusionar nueve negocios estratégicos, incluido TRF, como parte de su estrategia a largo plazo y su compromiso de simplificar su cartera de negocios. Tata Steel completed the amalgamation process for five businesses: Tata Steel Mining Ltd, Tata Steel Long Products Ltd, S&T Mining Company Ltd, The Tinplate Company of India Ltd, and Tata Metaliks Ltd. Tata Steel completó el proceso de fusión de cinco empresas: Tata Steel Mining Ltd, Tata Steel Long Products Ltd, S&T Mining Company Ltd, The Tinplate Company of India Ltd y Tata Metaliks Ltd.

February 07, 2024

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