InvestorQ : What are the synergies that could arise from Tata Steel merging its 7 entities?
indhumathi Sayani made post

What are the synergies that could arise from Tata Steel merging its 7 entities?

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2 months ago
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The CFO of Tata Steel, Koushik Chatterjee, explained the merger of the 7 subsidiary and associate companies as a move to provide greater focus and better value discovery to the diverse businesses. Tata group has been striving to simplify the various businesses. It is estimated that the NPV of all the mergers would work out to Rs1,500 crore. From 2019, Tata Steel cut 116 group entities. While 72 subsidiaries ceased to exist, 20 associates and JVs were eliminated and 24 companies were put under liquidation process.

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