Acquisitions24 Jul 2025, 11:15 pm
Tata Steel Completes 100% Acquisition of Neelachal Ispat Nigam Limited
AI Summary
On July 4, 2022, Tata Steel Long Products Limited acquired 93.71% equity stake in Neelachal Ispat Nigam Limited (‘NINL’) for an aggregate consideration of 12,100 crore. Further, Tata Steel Limited acquired 5.23% equity stake in NINL in February 2023. During Fiscal 2023 through Fiscal 2025, Tata Steel Limited acquired minority equity stake in NINL in tranches. On July 24, 2025, Tata Steel Limited completed the acquisition of 100% equity stake in NINL, making NINL a wholly owned subsidiary of the Company.
Key Highlights
- Tata Steel Long Products Limited acquired 93.71% equity stake in NINL for 12,100 crore in July 2022.
- Tata Steel Limited acquired 5.23% equity stake in NINL in February 2023.
- Tata Steel Limited acquired minority equity stake in NINL in tranches during Fiscal 2023 through Fiscal 2025.
- Tata Steel Limited completed the acquisition of 100% equity stake in NINL on July 24, 2025.
- Neelachal Ispat Nigam Limited has become a wholly owned subsidiary of Tata Steel Limited.