01-August-2026
Corporate News
 
Tata Steel ends 25-year joint-venture with German company Martrade
31-Jul-2026

Tata Steel is severing a quarter-century-old partnership with Germany's Martrade, buying out the logistics group's 23% stake in their joint shipping venture for Rs 335 crore. The steelmaker is acquiring 41.4 lakh equity shares in TM International Logistics from IQ Martrade Holding Und Management, taking its holding from 51% to 74% once the deal closes; Japan's NYK stays put on its 26% slice.

News Source:- https://timesofindia.indiatimes.com/business/india-business/tata-steel-ends-25-year-joint-venture-with-german-company-martrade/articleshow/132752940.cms