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Title:😱😨India ka sabse bada marging😨Tata Steel's merger of seven group😍 companies a "positive😨 step,"😱😨

Tata Group will merge seven of its metal companies into Tata Steel to drive efficiencies and reduce costs. The amalgamation will be through a share swap,” Tata Steel said. The board of Tata Steel approved the amalgamation of subsidiaries — Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF Limited, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into itself. Meanwhile, the company has withdrawn from the earlier merger scheme of Tata Metaliks and Tata Steel Long Products (TSPL). Tata Group to merge seven metal companies with Tata Steel Explaining the rationale behind the merger scheme, Tata Steel said the resources of the merged entities can be pooled to unlock the opportunity for creating shareholder value. "We view the proposed amalgamation as another positive step taken by Tata to simplify its extensive corporate structure," as per the CreditSights report published Tuesday. ““In turn, we expect the amalgamation to drive sharper management oversight and a more cohesive group strategic direction.” Tata Steel management expects cost savings of Rs 1,000-1,500 crore a year from the deal, as per the report. The downstream companies involved procured raw material separately except coking coal which was procured at a group level. The amalgamation will lower the procurement costs for all companies. There will also be similar synergies in sales and marketing. The agency does not expect the amalgamation to have a material impact on Tata Steel’s credit profile. “Of the seven amalgamated entities, all but TRF’s financials are already consolidated into Tata’s, since they are its majority-owned subsidiaries,” it noted. #tata #tatagroup #tatasteel #tatamotors #murge #business #shortvideo #business #youtubeshort #channel #share #comment #subscribe #ashortsaday #aj #like #facts #viralvideo #virslshort #viral #youtubeshort #trending #viralvideo @AJ VIRAL WISDOM @Startup Wisdom @AJ WISDOM


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