Tata Steel Ltd Approves Scheme of Amalgamation with Neelachal Ispat Nigam Ltd, Investment in Subsidiary, and Acquisition of Stake in Medica TS Hospital

Tata Steel Ltd has approved a scheme of amalgamation with its subsidiary, Neelachal Ispat Nigam Ltd. The company also plans to invest up to USD 2 Billion in its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd. Additionally, Tata Steel will acquire a stake in Medica TS Hospital Private Limited from Manipal Hospitals Eastern India Private Limited. The amalgamation and acquisition are subject to necessary approvals.