Tata Steel Completes 23% Stake Acquisition in TMILL for ₹335 Cr

Tata Steel Limited has successfully completed the acquisition of a 23% equity stake in TM International Logistics Limited (TMILL) for an aggregate consideration of ₹335 crore. This acquisition, involving 41,40,000 equity shares of face value ₹10 each, was made from IQ Martrade Holding Und Management GmbH (IQ). Following the transaction, Tata Steel's holding in TMILL increases to 74%, making TMILL a subsidiary. NYK Holding Europe B.V. retains a 26% stake. The acquisition received approval from the Competition Commission of India on August 18, 2026. Consequently, the Joint Venture Agreement and Deed of Adherence related to TMILL have been terminated.