
Merger15 Oct 2026, 07:10 pm
Tata Steel Receives NCLT Order for Rujuvalika Investments Amalgamation
AI Summary
Tata Steel Limited has received the certified true copy of the Order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the Scheme of Amalgamation of its wholly-owned subsidiary, Rujuvalika Investments Limited. The NCLT had pronounced the order on October 1, 2026, sanctioning the scheme. The company has now received the official document on October 15, 2026. This amalgamation is being carried out under Sections 230 to 232 of the Companies Act, 2013. Rujuvalika Investments Limited is a non-banking financial company, and its amalgamation with Tata Steel, a major steel manufacturer, is expected to streamline corporate structure.
Key Highlights
- NCLT approves amalgamation of Rujuvalika Investments with Tata Steel.
- Certified true copy of NCLT order received on October 15, 2026.
- Amalgamation is under Sections 230-232 of the Companies Act, 2013.
- Rujuvalika Investments is a wholly-owned subsidiary of Tata Steel.
- Scheme of Amalgamation was initially approved by NCLT on October 1, 2026.
Price Impact
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