Tata Metaliks, Tata Steel merger being challenged in court

摘要

Minority shareholders are planning to fi lean objection against Tata Metaliks' proposedamalgamation with parent Tata Steel in theCalcutta High Court.Minority shareholders led by Kumar GautamChauhan had moved the court in March, sayingthe Securities and Exchange Board of India (Sebi)required such schemes to be approved throughe-voting or postal ballot. The company hadinstead opted for a court-convened meeting ofshareholders.