Tata Metaliks Shares Up 44% In Two Days

Tata Metaliks shares were locked in upper circuit for the second consecutive session on Wednesday, following its parent's decision to call off the merger plan. Tata Steel on Tuesday said it has decided to drop its plan to merge Tata Metaliks and Tata Metaliks DI Pipes with itself. (Read) Tata Metaliks would continue to be a subsidiary of Tata Steel, said Tata Steel in a BSE filing yesterday. "The merger was called off due to the in...