(22-Sep-2018 Hours IST)
The Board of Directors at their meeting held today has approved the sale and transfer of the Company''s steel business undertaking ('Steel Business') to Tata Steel Limited or its subsidiaries ('TSL') through a slump sale on a going concern basis. Tata Steel announces support for Tata Sponge''s entry into steel business and identifies it as the strategic vehicle for acquisition of steel business of Usha Martin Limited (As Per BSE Announcement Dated on 24.10.2018)
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