The Tatas are close to consolidating their shareholding in Steel Strips Wheels through a planned move that could profit the conglomerate`s key companies, Tata Steel and Tata Motors, reports Economic Times.
The Tatas, who own 10% in Steel Strips through investment company Kalimati Investment, could see their shareholding rise to 13.5% after conversion of the optionally convertible bonds (OCB) issued earlier to Tata Capital, another group company. More
Courtesy: indiacar.net
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