Tata Steel said the total consideration from sale is euro 0.368 million.
Shares of Tata Steel on Friday rose by nearly 5 per cent after the company said its saleable steel production in the country rose 18 per cent in April-September this year.
New Delhi: Tata Steel has divested its entire 50 per cent stake in Tata Elastron SA to joint venture partner for euro 0.368 million (nearly Rs 2.7 crore).
"Tata Steel's entire equity stake in 50 per cent joint venture viz. Tata Elastron SA has been divested to Elastron SA," the company said in a regulatory filing today.
Tata Steel said the total consideration from sale is euro 0.368 million. In the previous fiscal, Tata Elastron SA reported a turnover of euro 19.8 million.
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