IFLR1000

Tata Sponge Iron Rs45.25 billion acquisition of Usha Martin's steel business

11/4/2019
Public acquisition
Select tab

Af 45.25 billion

$ 657 million

Completed

11/4/2019

Overview:

  • Tata Sponge Iron, a subsidiary of Tata Steel, has acquired the steel business and captive power plant of Usha Martin for Rs45.25 billion. 

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Related deals