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CCI okays Tata Sponge’s Usha Martin deal

Steel News - Published on Wed, 12 Dec 2018

Image Source: SteelGuru
The Competition Commission of India cleared Tata Sponge Iron’s acquisition of the steel business of Usha Martin for INR 4,300-4,700 crore. With the acquisition, TSIL will enter the steel business. The CCI in a tweet on Tuesday said it approves acquisition of steel division of Usha Martin Limited by Tata Sponge Iron Limited.

Tata Sponge Iron is a subsidiary of Tata Steel.

Source :

Posted By : Sanju Moirangthem on Wed, 12 Dec 2018
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