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Tinplate Company of India Ltd Announces No Plans For Merger With TATA Steel Ltd-The Economic Times

Wednesday, 26 Jun 2013 11:11am EDT 

The Economic Times reported that Tinplate Company of India Ltd (TCIL) has said there is no proposal to merge with the parent company TATA Steel Ltd. There has been no talk of a merger. There is nothing at the moment, Tinplate Chairman Koushik Chatterjee said. Last year, Tata Steel officials had said the company was mulling options to merge Tinplate for downstream integration. Tata Steel, however, had made an open offer last year that raised holding in Tinplate to 73.45%. 

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