Mon Apr 25, 2011 8:07am GMT
NEW DELHI, April 25 (Reuters) - India's Tata Steel , the world's No 7 steelmaker, will hold on to its stake in Africa-focused Riversdale Mining , its vice chairman said on Monday.
"We will continue to hold on to our stake," B Muthuraman told reporters.
Last week, global miner Rio Tinto said it had control over 72 percent of takeover target Riversdale after it bought Brazilian firm CSN's 19.9 percent stake.
Tata holds 27 percent in Riversdale, and has earlier said it is interested in coal supplies from Riversdale's mines for its European steel mills. (Reporting by Sanjeev Choudhary, sourced Thomson Reuters)
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