Tata Steel transfers stake in HSMS, TSAML to subsidiary cos-March 2024-www.financetom.com

Tata Steel transfers stake in HSMS, TSAML to subsidiary cos

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Tata Steel transfers stake in HSMS, TSAML to subsidiary cos

Jul 2, 2021 1:28 PM

Tata Steel on Friday announced transferring of its 26 per cent stake in Himalaya Steel Mill Services Private Limited (HSMS) to Tata Steel Utilities and Infrastructure Services Limited (TSUISL) for an undisclosed amount.

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TSUISL is a wholly-owned subsidiary of Tata Steel, the company said in a statement.

It has also transferred its 100 percent stake held in Tata Steel Advanced Materials Limited (TSAML) to another subsidiary company Tata Steel Downstream Products Limited (TSDPL). Tata Steel did not disclose any financial details related to the share transfer.

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