Tata Steel acquires shares, convertible warrants for Rs 403.79 cr in Tata Metaliks
In a regulatory filing, Tata Steel said it has acquired 27.97 lakh (27,97,000) equity shares of TML, a subsidiary of Tata Steel, at a price of Rs 642 per share aggregating to Rs 179.57 crore.
On objects and effects of acquisition, Tata Steel said it is to fund the expansion project and also strengthen the balance sheet of TML. Image source: Reuters