Acquisitions30 Jan 2026, 06:21 pm
Tata Steel Completes Acquisition of 50.01% Stake in Thriveni Pellets Private Limited for ₹635.13 Crore
AI Summary
Tata Steel Limited has completed the acquisition of 90,06,801 equity shares of Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited, making it hold 50.01% in TPPL and indirectly 50.01% in Brahmani River Pellets Private Limited (BRPL). This acquisition follows the approval of the Competition Commission of India received on January 20, 2026. TPPL and BRPL have become subsidiaries of the Company, in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Key Highlights
- Tata Steel completed the acquisition of 50.01% equity stake in Thriveni Pellets Private Limited for ₹635.13 crore.
- The acquisition was made from Thriveni Earthmovers Private Limited.
- Tata Steel now directly holds 50.01% in Thriveni Pellets Private Limited and indirectly holds 50.01% in Brahmani River Pellets Private Limited.
- Thriveni Pellets Private Limited and Brahmani River Pellets Private Limited have become subsidiaries of Tata Steel.
- The acquisition follows the approval of the Competition Commission of India received on January 20, 2026.