Tata Metaliks, Tata Steel Long, Tinplate Company and TRF to merge with Tata Steel Ltd

The Board of Directors of Tata Steel Ltd (“Board”) at its meeting held today i.e. September 22, 2022, considered and approved the following Seven (7) Schemes of Amalgamation of:

1. Tata Steel Long Products Limited ('TSLP-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

2. The Tinplate Company of India Limited ('TCIL-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

3. Tata Metaliks Limited ('TML-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

4. TRF Limited ('TRF-Transferor Company') into and with Tata Steel Limited ('Transferee Company').

5. The Indian Steel & Wire Products Limited ('ISWP-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company').

6. Tata Steel Mining Limited ('TSML-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company'); and

7. S & T Mining Company Limited ('S & T Mining-Transferor Company') into and with its parent company, Tata Steel Limited ('Transferee Company')

Merger ratio

Tata steel long product - 67 shares of Tata Steel for every 10 shares in the company.

The Tinplate Company of India Limited - 33 shares of Tata steel for every 10 shares held in the company.

Tata Metaliks Limited - 79 shares of Tata Steel for every 10 shares held in the company.

TRF Limited - 17 shares of Tata Steel for every 10 shares held in the company.

Source : Equity Bulls

Keywords

TataSteel Amalgamation Merger TataMetaliks TataSteelLong TRF TinplateCompanyofIndia ShareSwap