Tata Steel completes merger of S & T Mining Company with itself

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Tata Steel on Friday said it has completed the merger of S & T Mining Company Ltd with itself.


The scheme of amalgamation of S & T Mining Company Ltd (‘S&T Mining’) into and with Tata Steel Ltd was approved and sanctioned by National Company Law Tribunal (NCLT) Kolkata vide order dated November 10, 2023, according to a filing.


“…scheme of amalgamation has become operative and effective from today i.e., December 1, 2023. In terms of the scheme of amalgamation, S&T Mining stands dissolved without being wound up, effective December 1, 2023,” it said.


Tata Steel is in the process of merging a number of subsidiary companies with itself.


Its CEO & MD T V Narendran had earlier said the merger of the subsidiary companies with Tata Steel is expected to be completed in 2023-24.

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First Published: Dec 01 2023 | 8:29 PM IST