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Tata Steel hikes stake in Canada's New Millennium

Discussion in 'Current Market Sentiments' started by honeyks, Jun 8, 2010.

  1. honeyks

    honeyks New Member

    Feb 26, 2010
    Likes Received:
    Tata Steel has bought additional stake in New Millennium Capital Corp for about Rs 89.25 crore, thereby increasing its shareholding in the Canadian mining company to 27.4 per cent.
    Tata Steel today said its subsidiary Tata Steel Global Minerals Holdings bought 14.2 million common shares in the mining entity at a price of 1.40 Canadian dollars apiece, amounting to a total of 20 million Canadian dollars (about Rs 89.25 crore).

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