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Tata Steel unit set to buy Usha Martin's wire rope business for Rs 4,525 crore, says report

Updated : April 09, 2019 09:31 AM IST

Tata Sponge has paid a designated escrow amount of Rs 3,000 crore towards the deal as the first instalment: report
A payment of about Rs 700 crore will be held back by the Tatas as an iron ore mine, a coal block and some land will be transferred later: report
Tata Steel unit set to buy Usha Martin's wire rope business for Rs 4,525 crore, says report

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