Tata Steel wins clearance to lift TM International Logistics holding to 74%

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Tata Steel has received Competition Commission of India approval to buy IQ Martrade’s 23 per cent stake in TM International Logistics. The deal will raise Tata Steel’s holding to 74 per cent, while NYK Europe keeps 26 per cent and IQ Martrade exits the venture.

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Tata Steel wins clearance to lift TM International Logistics holding to 74%

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