Tata Steel’s board has given approval for the allotment of 8.65 crore fully paid-up equity shares to eligible shareholders of Tinplate Company of India Limited (TCIL) as part of TCIL’s merger with Tata Steel. The merger, effective from January 15, 2024, will see the issuance of 33 Tata Steel shares for every 10 TCIL shares. The scheme received approval from the National Company Law Tribunal, and the newly issued ordinary equity shares will be listed on BSE Limited and the National Stock Exchange of India Limited.
Tata Steel Board Approves Allotment of Shares to Tinplate Company Shareholders
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