Sells entire stake to Rio Tinto for Rs 5,074 crore
Tata Steel today said it has sold its 26.27 per cent stake in Australian coal miner Riversdale to global mining major Rio Tinto for AUD 1.06 billion ($1.11 billion).
"The sale consideration of approx AUD 1,060 million (about Rs 5,074 crore) represents around 100 per cent appreciation of value in less than four years since the first investment,
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/tata-steel-exits-riversdale-mining
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/tribune-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/tata-iron-and-steel-tisco
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron-and-steel-industry-0
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry
