Tata Steel Exits Stake in NatSteel Vina
Tata Steel announced that its step-down subsidiary NatSteel Holdings Pte (NSH)has concluded sale of equity sales in NatSteel Vina (NSV) to a Vietnam based-steel making company Thai Hung Trading Joint Stock Company.
The company in the BSE filing on Friday said that "this is to inform you that NSH has today concluded the sale of equity shares in NSV and NSV ceases to be a related party to NSH".
TATA Steel in the starting of this month announced that it has signed an agreement with the the Vietnam based steel company to sell the entire 56.5% stake owned by NatSteel Holdings Pte (NSH) in NatSteel Vina (NSV) for INR 36 crore.
source: Argus Media
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