Tata Sons Limited engages in automotive, steel, consultancy, power, communication, chemical, trading and distribution, beverage, air conditioning and engineering service, hotel, auto component, development, infrastructure, financial service, insurance, retail, digital infrastructure, teleservices, and retail store businesses. It manufactures cars and utility vehicles, and watches and jewelry, as well as parts for automotive and aerospace sectors; and produces steel, soda ash, crop nutrients, crop protection products, iodized salt, fertilizers, specialty chemicals, tea, coffee, and water. The company also provides IT services, consulting, and business solutions; Internet routers and wholesale...
24, Homi Mody Street
Mumbai, 400 001
Founded in 1868
Consortium Eyeing Tata Steel’ Talbot Plant
Apr 23 16
Tata Steel Limited (BSE:500470) asset may be sold. A consortium is hoping to stage a management buyout of Tata Steel's Port Talbot plant and has asked to see confidential documents including its accounts ahead of an offer. The group, led by Welsh billionaire, Sir Terry Matthews, will soon announce the banks engaged to raise funding for a potential bid. He is putting together a consortium of investors after Port Talbot was put up for sale in March 2016 by Tata Sons Limited. The consortium has said the Government announcement that it could take a 25% stake in the plant and offer funding.
Britain Ready To Acquire Tata Steel UK
Apr 21 16
Government of United Kingdom is ready to part-nationalize Tata Steel UK Limited's steel assets and offer hundreds of millions of pounds in debt relief if a private buyer can be found. Ministers prepared to take minority stake of up to 25% and offer debt relief to private buyer. The plans could involve the government taking a minority equity stake of up to 25% in the steel plants, including Port Talbot in south Wales, amounting to part nationalisation of the struggling industry. The offer has been made jointly by the UK and Welsh governments and will be made available on commercial terms to potential buyers of Tata Steel. It is expected that the large majority of the help will be through the provision of debt financing but other options include hybrid convertible debt or a minority equity stake of up to 25%. The details of the package emerged after a second meeting between Javid and Cyrus Mistry, the Tata Sons Limited chairman in Mumbai. "This government is committed to supporting the steel industry to secure a long-term viable future and we are working closely with Tata Steel UK on its process to find a credible buyer. The detail of our commercial funding offer is clear evidence of the extent of that commitment. Ministers have visited Tata Steel sites across the country and the pride and dedication of the highly skilled men and women working there is obvious to see. We have already delivered on energy compensation, on tackling unfair trading practices and on procurement of British steel, and we will keep on going further to support this vital industry." said Sajid Javid, Member of Parliament. Carwyn Jones, the first minister of Wales, said: “We’re committed to supporting any credible bid to secure steel-making in Wales. We have worked with the UK government to put in place this significant package of support and we believe that this will help secure a successful sale of Tata Steel’s operations in Wales and the rest of the UK.”
Tata Sons Seeks Acquisitions
Mar 16 16
Tata Sons Limited is seeking acquisitions. Tata Sons is looking for strategic acquisitions to ramp up its defence portfolio. "Strategic acquisitions would be a key driver in niche areas to augment technological capabilities," Mukund Rajan, member of group executive council, Tata Sons added. While Mukund Rajan refused to elaborate more on possible acquisitions, industry sources maintain that the group could be looking at niche players engaged in design and development in defense manufacturing keeping in view the sweeping changes made in the Defense Procurement Procedure.