Tata Steel and Thyssenkrupp had signed a definitive agreement on June 30, 2018. Both sides baulked at the proposition, arguing that the sale of more assets would wreck the rationale for the creation of the joint venture and make it unviable. We will look at all strategic options,” Koushik Chatterjee, executive director and CFO of Tata Steel, said during a conference call. The merger had proposed to transfer Rs 20,000-crore of Tata Steel group debt to the joint venture. The Tata Steel stock fell over 6 per cent on Friday to close at Rs 487.30 on the BSE.

Source: The Telegraph May 10, 2019 19:52 UTC