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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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