October 31, 2018 / 5:56 AM / 7 months ago

BUZZ-India's Tata Steel falls; EU opens deeper probe into co deal with Thyssenkrupp

** Shares of Tata Steel Ltd fall as much as 6.2 pct 529.35 rupees, lowest since July 25

** The European Commission has opened a deeper investigation into Thyssenkrupp’s planned steel JV with Tata Steel over concerns that it could raise prices and harm competition

** JV will combine both firms’ European carbon steel and electrical steel businesses; Commission said this raises concerns over their dominance in steel for cars, metallic coated steel for packaging and grain oriented electrical steel

** More than 6.2 mln shares change hands, 0.8 times their 30-day avg of 7.8 mln shares

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