Four Companies Transfer Shares Of Tata Steel To Jusco

Jamshedpur 6th April 2021: The Tata group has started implementing its plan to merge its companies with similar businesses to form a company. Taking steps in this direction, Tata Steel has shifted its stake of four companies to Jusco (now Tata Steel Utilities and Infrastructure Services).
Parvatheesam Kanchinadham, company secretary and chief legal officer (corporate and compliance) of Tata Steel, has informed the Bombay Stock Exchange and SSE. The share transfer process was completed on April 3.
Under this, 100% shares of Tata Steel Special Economic Zone Limited and Tata Pigment, 32.67% shares of Jaimipal, and 20.99% shares of Nicco and Jubilee Park have been consolidated.
However, Jusco will continue to be a 100% subsidy company of Tata Steel. There will be no change in the shareholding pattern of Tata Steel.

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