Tata Steel Will Acquire Usha Martin Through Tata Sponge 
A worker supervises the flow of hot liquid metal as it flows from the blast furnace during the iron smelting process. (Photographer: Krisztian Bocsi/Bloomberg)

Tata Steel Will Acquire Usha Martin Through Tata Sponge 

Tata Steel Ltd. will not directly takeover Usha Martin’s steel business. Instead, its associate Tata Sponge Iron will acquire the unit through a slump sale facilitating an entry into steel manufact...
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