TATA STEEL LTD. - Tata Steel International (Australasia) Ltd. New Zealand

Tata Steel Ltd has informed BSE that Steel and Tube Holdings of New Zealand has agreed to acquire Tata Steel International (Australasia) Ltd (TSIAL) on April 14, 2014 for a cash consideration of NZ$ 27.5 million.<br/><br/>TSIAL, based in New Zealand, is a distribution business supplying stainless steel, engineering steels and composite floor decks to the New Zealand and Pacific Island markets.