The Tata Group’s decision to consolidate its metal and resource companies into Tata Steel is likely to be a very complex and time-consuming effort for the group where the scheme of amalgamation will require approvals from stakeholders along with regulatory approvals.
The group has initiated the process to consolidate its seven subsidiaries including four listed companies Tata Metaliks, Tata Steel Long Products, TRF Ltd and Tinplate Company of India Ltd into Tata Steel Ltd. The other three companies are Indian Steel & Wire Products Ltd, Tata Steel Mining Ltd and S&T Mining Company Ltd.
source
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