Tata Metaliks
Business Standard — December 30 , 2005

Tata Metaliks has informed the Bombay Stock Exchange that bids invited by the Stressed Assets Stabilisation Fund (SASF), for the purchase of the immovable and movable assets of Usha Ispat (UIL) at Redi, Maharashtra, were finalised on Thursday and the company has been declared as the highest bidder. The physical possession will be transferred and the necessary definitive documentation will be executed as per the procedure set out by SASF. KPMG Corporate Finance were the financial advisors for the company on the transaction.