Reported By:
| Edited By: |Source: Reuters |Updated: Mar 17, 2018, 04:42 AM IST
Tata Steel said on Friday its unit NatSteel Holdings Pte Ltd has sold 27.03% stake in Malaysia's Southern Steel Berhad for $72 million.
The sale is part of the steel maker's strategy to restructure its portfolio and reconsider its position in areas where it does not have majority control, it said in a statement.
The company would continue to explore opportunities to grow in south-east Asian businesses in the future, it added.
