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BRIEF-Tata Steel to buy 100 pct equity of Brahmani River Pellets
December 23, 2016 / 8:21 AM / a year ago

BRIEF-Tata Steel to buy 100 pct equity of Brahmani River Pellets

Dec 23 (Reuters) - Tata Steel Ltd

* Says executes definitive agreement to acquire 100% equity of Odisha-based Brahmani River Pellets Limited

* Says deal based on enterprise value of BRPL of 9 billion rupees plus closing adjustments

* Says funding for acquisition will be done from internal cash flows of Tata Steel

* Says looking to ramp up capacity of the phase 1 at Kalinganagar Source text: bit.ly/2i1hfC5 Further company coverage:

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