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This led to significant dilution of public shareholding in the erstwhile Bhushan Steel (now, Tata Steel BSL).
But if you still hold the shares of Tata Steel BSL, you have a reason to smile.
To leverage on operational synergies and to simplify the group’s structure, Tata Steel and Tata Steel BSL have proposed to merge both the companies.
The recommended merger ratio would be one share of Tata Steel for every 15 shares of Tata Steel BSL.
Open Division will run in the same seven regions as Contenders: Australia, China, Europe, Korea, North America, the Pacific, and South America.
Teams placed 9th–16th will compete in Contenders Trials for the remaining four Contenders slots.
Whether you’re stepping out into the Open with your friends or a Contender preparing to show what you’ve got (starting in March), the 2018 Path to Pro is underway.
Taking the current market valuation of Tata Steel, the share price of Tata Steel, post-amalgamation, would be ₹535.68.
This means that a share of Tata Steel is issued at a discount of ₹16.68 or 3 per cent.
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