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Neelachal Ispat Nigam Ltd
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An indirect subsidiary of Tata Steel, Neelachal Ispat Nigam Ltd, has been acquired for ₹300 crore by the former.
Tata Steel, one of India's leading steel producers, recently announced its acquisition of shares worth ₹300 crore in Neelachal Ispat Nigam Ltd (NINL), an indirect subsidiary of the company. The acquisition, which took place on February 21, 2023, involved the purchase of 4,68,75,000 equity shares of Rs 10/- each at a premium of Rs 54/- per share.
