After the announcement of the merger proposal, broker Anand Rathi advises investors to buy Tata Steel.

Anand Rathi, a broker and financial services firm, is positive on Tata Steel after the steelmaker announced the merging of subsidiaries with itself . The board of directors approved each scheme and recommended it to the Board on Thursday .

New Delhi (India), September 23: Anand Rathi, a broker and financial services firm, is positive on Tata Steel after the steelmaker announced the merging of subsidiaries with itself and thus maintained Buy ratings on the stocks, according to a regulatory filing to the stock exchanges on Friday.According to the same filing, the board of directors approved each scheme and recommended it to the Board on Thursday.According to the same filing, these seven companies are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining, and S and T Mining Company.Each scheme is subject to the following conditions: (a) The National Stock Exchange of India Limited and the BSE Limited; (b) any other regulatory or