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Bhushan Steel to be rechristened as Tata Steel BSL Limited

Steel News - Published on Wed, 03 Oct 2018

Image Source: Financial Express
Money Control reported that Bhushan Steel will soon be called Tata Steel BSL Limited. A special resolution to change the name was passed on September 25, during Bhushan Steel's Annual General Body Meeting. The resolution was passed with nearly 100 percent of the shareholders approving the new name. The change in the name, "or such other name" will now have to be approved by the Registrar of Companies, "and consequent amendments in the Memorandum and Articles of Association of the Company.”

The name change is part of the post-acquisition integration exercise to merge Bhushan Steel with its new parent. Tata Steel had formed a special team to oversee the integration.

Mr TV Narendran CEO and Managing Director of Tata Steel, is now the Chairman of the Bhushan Steel board, while Mr Rajeev Singhal is the company's new Managing Director. Singhal is on the boards of several subsidiary and associate companies of Tata Steel.

Source :

Posted By : Sanju Moirangthem on Wed, 03 Oct 2018
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