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Thyssenkrupp's Andreas Goss to lead joint venture with Tata Steel

In June 2018, Tata Steel and Thyssenkrupp AG signed definitive agreements to combine their European steel businesses in a 50/50 Joint Venture.

The joint venture will be headquartered in Switzerland, with Hitachi retaining the management team to ensure business continuity.
The BSE Sensex closed 307 points higher at 36,270 level, and the NSE Nifty gained 82.90 points to settle at 10,888.35.
Reacting to the news, FHL shares tumbled 6.75 per cent to close at Rs 141.65 apiece, after hitting a low of Rs 130.20 earlier in the day.