TATA Steel's board has approved the scheme of amalgamation between seven of its group companies & itself,
~ Tata Steel Long
~ The Tinplate Company
~ Tata Metaliks
~ TRF Limited
~ Indian Steel & Wire Products
~ Tata Steel Mining
~ S&T Mining Company
*Tata Metaliks:*
Tata Steel to give 79 shares for every 10 shares of Tata Metaliks (Share swap at 2 percent premium. In favor of Tata Metaliks)
*Tinplate:*
Tata Steel to give 33 shares for every 10 shares of Tinplate (Share swap at 1 percent premium. In favor of Tinplate)
*Tata Steel Long Products:*
Tata Steel to give 67 shares for every 10 shares of Tata Steel Long Products (Share swap at 7.8 percent discount. In favor of Tata Steel)
*TRF:*
Tata Steel to give 17 shares for every 10 shares of TRF (Share swap at 53 percent discount. In favor of Tata Steel)