Tata Steel To Merge 7 Subsidiaries By FY24

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Merger of 7 subsidiary companies with Tata Steel is expected to be completed in 2023-24

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The CEO and managing director T V Narendran said This Statement

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We had already announced merger of 6 companies earlier

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Merger of one more Angul Energy we announced recently

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Tata Steel board had approved a proposal to merge six of its subsidiaries into itself for greater synergies

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The completion of the merger depends on the regulatory processes including NCLT clearances

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Narendran also said Tata Steel will first work to complete the merger of these 7 entities

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Before it plans for merger of more subsidiary companies into self

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