Gold Silver Reports (GSR) – Tata Steel Rises On Report Of Closing JV Deal With Thyssenkrupp – Shares of the Mumbai-based steel maker rose as much as 1.3 percent to Rs 550.25 as Thyssenkrupp and Tata Steel are said close in on a joint venture deal, Reuters reported.
Thyssenkrupp and Tata Steel are nearing a 15 billion euro ($17.4 billion) deal this week to combine their European assets into a global steel giant, Reuters reported citing three unidentified people.