Argus Partners has advised Tata Steel in the mega merger of its seven metal companies into Tata Steel.

The seven metal subsidiaries of Tata Steel which are going to be merged into Tata Steel are Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining.

According to Tata Steel, the merger would enable the resources of the merged entities to be pooled to unlock the opportunity for creating shareholder value and will also result in utilisation of each other`s facilities in a more efficient manner.

The Argus team consisted of Arka Majumdar (Partner), Juhi Wadhwani and Vikram Chaudhuri (Associates).