Announced
Completed
Tata Steel completed the acquisition of a 93.71% stake in Neelachal Ispat Nigam for $1.6bn.
Financials
Transaction Value£1,194m
Consideration TypeCash
Capital Owned-
Capital Bid For94%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Tags
Friendly
India
Domestic
Private
Majority
Acquisition
Iron and Steel
Single Bidder
iron and steel
Completed
Synopsis
Tata Steel, a steel-making company, completed the acquisition of a 93.71% stake in Neelachal Ispat Nigam, a steel and iron products manufacturer, for $1.6bn. Consequently, NINL has become a subsidiary of TSLP and an indirect subsidiary of Tata Steel.
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