Tata Steel clarifies on Corus pension fundsWednesday, 15 October , 2008, 15:50
Mumbai: Tata Steel clarified on Wednesday through a note issued to BSE that the pension funds of Corus were in aggregate surplus of £500 million ($1 billion) as on June 30, 2008. Tata Steel Global to pick up stake in Canadian co “The UK pension funds of Corus are significantly de-risked with around 70 per cent of the portfolio in debt-related instruments. Based on initial quarter assessment, the surplus as on September 30, 2008 is estimated to be higher than end June 2008.” Block deal makes Tata Steel strong The details of the pension funds’ performance would be disclosed at the time of the publication of the consolidated financial results of the company in November 2008, it is pointed out. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
