Tata Steel completes auction for its land parcel at Borivali, Mumbai

Tata Steel completed the e-auction process yesterday for the sale of its above land with the participation of several well-known developers.

Tata Steel Ltd has informed BSE regarding a Press Release dated March 25, 2014 titled "Tata Steel completes the auction for its land parcel at Borivali, Mumbai". Tata Steel completed the e-auction process yesterday for the sale of its above land with the participation of several well-known developers. The Committee of Independent Directors of Tata Steel declared M/s Oberoi Realty Limited as the highest bidder of the auction on the basis of their final bid of Rs 1155 crores, after several rounds of bidding.Source : BSE

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