Tata Steel Ltd (TISC.NS)
18 May 2018
India's Tata Steel Ltd said on Friday it had completed the acquisition of a 72.7 percent stake in Bhushan Steel Ltd , which was in bankruptcy court over unpaid loans.
May 18 India's Tata Steel Ltd said on Friday it had completed the acquisition https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e7c87d5-5b96-43fa-a678-a179bd080daa.pdf of a 72.7 percent stake in Bhushan Steel Ltd, which was in bankruptcy court over unpaid loans.
AMSTERDAM Tata Steel's Dutch works council has called into question a timeframe for completing a joint venture between the Indian group and Thyssenkrupp by end-June, saying it may need more time to assess the deal, its president said.
* Thyssenkrupp, Tata Steel plan signing by end-June (Adds more detail on works council's demands and JV deal)
May 16 Tata Steel Ltd was helped to a quarterly profit of 146.88 billion rupees ($2.17 billion) by a one-off pensions gain, in contrast with an 11.68 billion rupee loss a year earlier.
May 9 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
FRANKFURT/DUESSELDORF A steel joint venture between Thyssenkrupp and Tata Steel will be delayed by ongoing talks between the Indian group and its British and Dutch workers, the German company said on Thursday.
* Refined strategy to be presented after signing (Adds union feedback, context on Tata Steel)
FRANKFURT Labor leaders at Thyssenkrupp are seeking more clarity from management over a planned European joint venture with India's Tata Steel , warning of possible fallout at the German group's sites.
* Tie-up rules allows one party to take majority stake after IPO