Tata Looks To Divest Refractory Business

Tata Steel is looking for a buyer for its refractories business Tata Refractories (TRL). Tata Steel holds 71.2% stake in TRL, the largest manufacturer of refractories in India, while rest is held by a number of small investors. Confirming this, sources within Tata Group said, "Tata Steel is aiming to reduce interest in non-core group companies and focusing on mainline business. It has initiated the process of finding a buyer for TRL and is considering various options such as a complete exit or roping in a joint venture partner by giving up majority control."

Author
Un-named
Origin
Unknown
Journal Title
Asian Glass Aug-Sept/2006 47
Sector
Refractories
Class
R 635

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Tata Looks To Divest Refractory Business
Asian Glass Aug-Sept/2006 47
R 635
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