Tata Steel acquires 50% stake in Thriveni Pellets for ₹636 crore
after close1 source ↓written by the desknot a recommendation
- of Thriveni Pellets
- 50.01%
- from Thriveni Earthmovers
- ₹636 crore
Tata Steel Limited is acquiring 50.01% of Thriveni Pellets Private Limited for up to ₹636 crore from Thriveni Earthmovers. This strategic acquisition aims to enhance Tata Steel's long-term value by expanding its iron ore pellet production capabilities. Shardul Amarchand Mangaldas & Co advised on the transaction.
Not investment advice. For informational purposes only.