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VERIFIEDET Finance·neutral

Tata Steel gets CCI nod to acquire additional 23% stake in TM International Logistics

AI Summary
  • ·The Competition Commission of India has approved Tata Steel's acquisition of an additional 23% stake in TM International Logistics.
  • ·This acquisition will increase Tata Steel's stake to 74%, making it the majority shareholder.
  • ·NYK Europe will continue to hold 26% of the company, while IQ Martrade will exit the joint venture.
TATASTEEL
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