Tata Steel has completed the merger of S&T Mining Company Ltd with itself, following the approval of the National Company Law Tribunal. The merger, effective December 1, 2023, is part of Tata Steel's plan to streamline its operations.
Photograph: Phil Noble/Reuters
New Delhi, Dec 1 (PTI) Tata Steel on Friday said it has completed the merger of S & T Mining Company Ltd with itself.
The scheme of amalgamation of S & T Mining Company Ltd ('S&T Mining') into and with Tata Steel Ltd was approved and sanctioned by National Company Law Tribunal (NCLT) Kolkata vide order dated November 10, 2023, according to a filing.
"...scheme of amalgamation has become operative and effective from today i.e., December 1, 2023. In terms of the scheme of amalgamation, S&T Mining stands dissolved without being wound up, effective December 1, 2023," it said.
Tata Steel is in the process of merging a number of subsidiary companies with itself.
Its CEO & MD T V Narendran had earlier said the merger of the subsidiary companies with Tata Steel is expected to be completed in 2023-24.
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