"SELL TATASTEEL BELOW 103.30 TARGET 100.8/98.3 SL 106.8"
Any merger plan requires shareholder, creditor, and stock exchange approvals. Further regulatory approvals may be required. Eventually, the National Company Law Tribunal must approve the program. Typically, such mergers take 6 to 12 months to complete.Tata Steel said in its regulatory filing that it took this step to improve operational efficiencies, including centralized sourcing that would result in sourcing synergies and a reduction in stock/spare parts through shared inventory management.Tata Steel is likely to remain busy for a very long time due to this announcement.
This is a very lengthy and complex plan that requires coordination with multiple public companies, regulators, legal authorities and shareholders, among others, to consolidate all companies into one. The steel giant is aiming for better use of shared facilities and greater efficiency in debt and cash management. The proposed consolidation, as approved by their respective boards, is likely to take time given multiple regulatory interfaces and required approvals/no objections, including designated stock exchanges and competent national corporate law courts.
FOR BEST STOCK FUTURE TRADING TIPS FOR MONDAY CALL OR WHATSAPP ON 7772909587 📞📲
