Argus Partners Is Advising In The Proposed Mega Merger Involving Tata Steel And Seven Of Its Subsidiary/ Associate Entities

Argus Partners has acted and advised in the formulation of schemes and other related aspects in the proposed mega merger involving merger of seven of its subsidiary and associate companies into and with Tata Steel.

The seven companies which are going to be merged into Tata Steel are (a) its listed subsidiaries Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, (b) listed associate TRF Limited, (c) unlisted subsidiary Indian Steel & Wire Products, and (d) unlisted wholly owned subsidiaries Tata Steel Mining and S&T Mining.

According to Tata Steel, the merger would enable the resources of the merged entities to be pooled to unlock the opportunity for creating shareholder value and will also result in utilisation of each other`s facilities in a more efficient manner.

The Argus team for the current leg of the transaction consisted of Arka Majumdar (Partner), Juhi Wadhwani and Vikram Chaudhuri (Associates).