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Online edition of India's National Newspaper Wednesday, November 28, 2001 |
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Tisco acquires 90 p.c. stake in Tata SSL
By Our Staff Correspondent
MUMBAI, NOV. 27. Tata Iron & Steel Company Ltd. (Tata Steel) has
acquired more than 90 per cent of the equity capital of Tata SSL
, consequent to the cash offer made by the company to acquire the
entire equity capital at a price of Rs. 27 per share. The cash
offer closed on November 27.
In due course, Tata Steel will be requesting the board of Tata
SSL to initiate proceedings for de-listing the shares of the
latter.
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