DSIJ Mindshare

Tata Steel's subsidiary, TSGH has agreed to divest its equity stakes held in China-based NatSteel Holdings and Tata Steel Thailand to a new entity which will be controlled by HBIS Group. This strategic partnership will help Tata Steel expand its south-east Asia business.

Reacting to the pledge invocation, the company’s management clarified that it was in talks with its lenders who have agreed not to invoke the pledge on promoters shares. The company’s promoters have given assurance that they can carry out the strategic stake sale in a time-bound manner.

Hyderabad-based Natco Pharma has launched Valsartan-Sacubitril tablet under its brand VALSAC, the company informed the bourses. This tablet is used for certain types of heart failure and keeps blood vessels from narrowing.

Banks pull down markets massively. Nifty Bank was down 478.45 points or 1.76 per cent. Pharma stocks also experienced selling pressure. Other than IT and media all sectorial indices were trading in red.

Following stocks are close to their 52-week low as at 12.50 p.m. on January 28, 2019.