Tata Steel to explore sale of 50% stake in e-commerce venture mjunction

Tata Steel to explore sale of 50% stake in e-commerce venture mjunction

A worker places a stainless steel container in a coil heater inside a manufacturing workshop in the suburb of Mira-Bhayander in Thane, Maharashtra, India, on Tuesday, Jan. 7, 2014. Photographer: Vivek Prakash/Bloomberg

Tata Steel Ltd. is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt, people with knowledge of the matter said.

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