Shareholders of NatSteel clear sale to Tata Steel
The Financial Express — December 17, 2004

The shareholders of Singapore's dominant steel producer, NatSteel, approved the sale of its steel business to Tata Steel at an extraordinary general meeting (EGM) held in Singapore. The approval by the shareholders is a significant step in the execution of the definitive agreements signed between Tata Steel and NatSteel in August this year.

Commenting on the approval given by the shareholders of NatSteel, Mr B Muthuraman, MD, Tata Steel said: "We are happy that the shareholders of Natsteel have reposed their faith in Tata Steel and its management policies, practices and values. We are eagerly looking forward to working with the employees of NatSteel towards a mutually beneficial future."