As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, the domestic steel giant Monday signed an agreement to sell 70 per cent stake each in its two Southeast Asian arms to the HBIS Group of China for around USD 480 million.Stake sale in SE Asia biz will improve Tata Steel#39;s leverage profile: Fitch Ratings
As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, the domestic steel giant Monday signed an agreement to sell 70 per cent stake each in its two Southeast Asian arms to the HBIS Group of China for around USD 480 million.
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