Tata Steel sells Chinese subsidiary for Rs 36 crore
The unit posted a revenue of 2.26 million Euros and EBITDA loss of 1.15 million Euros; shares closed up 1 per cent at Rs. 482.25 apiece on Friday on BSE
By Megha Mandavia, ET Bureau | Updated:
MUMBAI: Tata Steel said wholly-owned Chinese subsidiary Kalzip Guangzhou Ltd has divested entire stake for 5.2 million Euros (Rs 36.05 crore) to Shanghai Qinheng International Trade co, the steelmaker said in a regulatory filing on BSE.
The unit posted a revenue of 2.26 million Euros and EBITDA loss of 1.15 million Euros.
Shares of Tata Steel closed up 1 per cent at Rs 482.25 apiece on Friday on BSE.
The unit posted a revenue of 2.26 million Euros and EBITDA loss of 1.15 million Euros.
Shares of Tata Steel closed up 1 per cent at Rs 482.25 apiece on Friday on BSE.
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