Tata Steel Ltd Acquires Complete Stake in Medica TS Hospital Private Limited for ₹1.49 Crore

Tata Steel Limited has completed the acquisition of securities in Medica TS Hospital Private Limited from Manipal Hospitals Eastern India Private Limited. The acquisition includes 7,40,000 equity shares of face value ₹10/- each, constituting 49% equity stake, and 2,30,05,182 Optionally Convertible Redeemable Preference Shares, constituting 31.85% of preference share stake. This acquisition results in Tata Steel Limited holding 100% stake in equity shareholding and in OCRPS of Medica TS Hospital, making it a wholly owned subsidiary of the Company.