Tata SteelBSE 0.94 % said wholly-owned Chinese subsidiary Kalzip Guangzhou Ltd has divested entire stake for 5.2 million Euros (Rs 36.05 crore) to Shanghai Qinheng International Trade co, the steelmaker said in a regulatory filing on BSE.
The unit posted a revenue of 2.26 million Euros and EBITDA loss of 1.15 million Euros.