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Tata Steel due to begin formal UK sale process

Tata Steel is due on Monday to begin the formal sale process for its loss-making British units which employ 15,000 people, a source close to the company said.

Tata, one of the world’s biggest steelmakers, said on March 30 it was putting its British assets up for sale, citing a global oversupply of steel, high costs, weak domestic demand and a volatile currency.

Tata Steel Stock Price

On April 11, 2016, at 13:36 hrs Tata Steel was quoting at Rs 328.10, up Rs 5.85, or 1.82 percent. The 52-week high of the share was Rs 384.20 and the 52-week low was Rs 200.00.

The company’s trailing 12-month (TTM) EPS was at Rs 51.88 per share as per the quarter ended December 2015. The stock’s price-to-earnings (P/E) ratio was 6.32. The latest book value of the company is Rs 686.39 per share. At current value, the price-to-book value of the company is 0.48.