Tata Steel completed the acquisition of a 93.71% stake in Neelachal Ispat Nigam for $1.6bn.

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.