Tata Steel Transfers Stake in Himalaya Steel & TSAML Subsidiaries
Tata Steel announced transferring of its 26% stake in Himalaya Steel Mill Services Private Limited to Tata Steel Utilities and Infrastructure Services Limited, formerly known as Jamshedpur Utilities & Services Company Limited, for an undisclosed amount. Tata Steel Utilities and Infrastructure Services Limited is a wholly-owned subsidiary of Tata Steel, the company said in a statement.
It has also transferred its 100% stake held in Tata Steel Advanced Materials Limited to another subsidiary company Tata Steel Downstream Products Limited.
Tata Steel did not disclose any financial details related to the share transfer