Synergy Metals and Mining Fund managed by Synergy Management (DIFC) Limited executed a memorandum of understanding to acquire 70% stake in Tata Steel (Thailand) Public Company Limited (SET:TSTH) from T S Global Holdings Pte Ltd. on August 7, 2019. The transaction has been approved by Tata Steel's Board of Directors. Synergy Metals and Mining Fund managed by Synergy Management (DIFC) Limited cancelled the acquisition of 70% stake in Tata Steel (Thailand) Public Company Limited (SET:TSTH) from T S Global Holdings Pte Ltd. on August 7, 2020.