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The Board of Directors of Tata Steel Limited approved the amalgamation of six majority-owned subsidiaries and TRF Limited into Tata Steel Limited, including Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, The Indian Steel & Wire Products, Tata Steel Mining, S & T Mining Company, and TRF Limited.
Tata Steel Mining Limited (TSML), a wholly-owned subsidiary of Tata Steel, acquired the remaining 10% equity stake in Rohit Ferro-Tech Limited from financial creditors for approximately ₹20.06 crore, making RFT a wholly-owned subsidiary of TSML.