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Tata Steel, one of the world’s leading steel producers, today has announced the acquisition of 178,34,39,490 ordinary equity shares of T Steel Holdings Pte. Ltd (TSHP) for a total consideration of USD 280 million (₹2,347.81 crore).
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Tata Steel settled at Rs 157.25, posting a handsome gain of 3.73% over its last close.
Tata Steel finally settled at Rs 151.60 on Wednesday, down 0.16% from its last close.
Tata Steel finally ended the session at Rs 151.85, down 0.82% from its last close.
Tata Steel settles at Rs 153.10, still down 1.39% for the day.
Tata Steel's stock posted gains on Saturday, closing 3.52% higher supported by strong volumes.
Today, Tata Steel's share price reached a high of 150.65, indicating positive momentum in the stock's performance.
TRF share price hits upper circuit of 20% at Rs 327.70, scaling its new 52-week high after the company announces that they will not proceed with scheme of amalgamation with Tata Steel.
Memorandum of Settlement, the total payout for eligible employees of all applicable divisions of the Company will be Rs 314.70 crore.
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