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Tata Steel’s arm divests its entire stake to Shanghai Qinheng International Trade

Tata Steel’s wholly-owned indirect subsidiary- Kalzip Guangzhou has divested its entire equity stake to Shanghai Qinheng International Trade. The company has been entered into agreement for sale on November 30, 2016 and net consideration of 5.2 million EUR received from such sale.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.

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