11
May
10:33
Tata offloads shares in Omani limestone mining company
India’s Tata Steel Limited is reducing its shareholding in the Omani limestone mining company Al Rimal Mining LLC, it reveals in a bourse filing monitored by Kallanish.
The steelmaker had held a 70% equity stake in Al Rimal which was originally set up with the objective of limestone mining in Oman and has not yet commenced operations. Tata will now reduce its interest in Al Rimal to 51% following the signing of definitive agreements on 9 May 2019 to induct…
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