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TATASTEEL · Tata Steel Limited · NSE · Filed 15 Oct · 2 min
NCLT clears merger of Tata Steel's dormant NBFC arm Rujuvalika into the parent
The Mumbai bench of the NCLT has sanctioned the amalgamation of Rujuvalika Investments into Tata Steel, folding a dormant group NBFC into the listed parent with no new shares issued and no cash paid.
TATASTEEL · Tata Steel Limited · NSE · Filed 1 Oct · 2 min
NCLT clears Tata Steel's absorption of wholly owned NBFC Rujuvalika Investments
The Mumbai bench of the NCLT has sanctioned the amalgamation of dormant NBFC Rujuvalika Investments into parent Tata Steel, with an appointed date of 1 April 2023.