Shares Of Tata Steel Gained More Than 2 Percent Intraday On December 18

Shares of Tata Steel gained more than 2 percent intraday on December 18 after a media report suggested that the company may announce the restructuring of the domestic business to unlock value.

Tata Steel BSL also rallied more than 2 percent, Tata Metaliks climbed 4.4 percent and Tata Steel Long Products jumped 8 percent intraday.

Sources told CNBC-TV18 that Tata Steel may form 4 verticals which are long products, mining, Tata Steel and Tata Steel Utilities & Services.

The Tata Group company may look at restructuring listed companies Tata Metaliks and Tata Sponge which both may be named Tata Steel Long Products, sources said, adding that the company may look at restructuring Tinplate in future.

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