Tata Steel, TRF call off amalgamation scheme
Economic Times
India
10-02-2024
Share
Tata Steel and TRF have canceled their intention to combine the two businesses after Tata Steel provided substantial assistance for TRF to successfully turn around its business operations.
In September 2022, the amalgamation plan was revealed. The boards of both firms informed exchanges on Wednesday that they would not be proceeding with the plan.