Fri Apr 8, 2011 9:26am GMT
NEW DELHI, April 8 (Reuters) - Tata Steel has not changed its position regarding its stake in Riversdale Mining , a senior official of the Indian steelmaker said on Friday, as global miner Rio Tinto won control over Riversdale with a $4 billion offer.
"No change," Tata Steel Vice-Chairman B. Muthuraman told reporters when asked if the company would change its stance after Rio Tinto gained control of Riversdale, in which Tata Steel is the biggest shareholder with a 27 percent stake.
(Reporting by Devidutta Tripathy; Editing by Aradhana Aravindan, sourced Thomson Reuters)
Posts
No comments:
Post a Comment