Tata Steel Divests Entire Stake in Jamshedpur Football Subsidiary
Tata Steel Limited has approved the divestment of its entire 100% equity stake in its wholly-owned subsidiary, Jamshedpur Football and Sporting Private Limited (JFSPL), to Churchill Brothers Sports Club Private Limited. The transaction is for a nominal consideration of ₹100/-. This divestment includes the transfer of the club's Indian Super League sporting license, 12 players, and 2 coaches. The deal is subject to approvals from the All-India Football Federation and other customary conditions. JFSPL's turnover for FY2025-26 was ₹32.23 crore, representing 0.01% of Tata Steel's consolidated turnover, and its net-worth as of March 31, 2026, was ₹(5.8) crore. The sale is not a related party transaction and does not form part of any scheme of arrangement.
Key Highlights
- Tata Steel divests 100% stake in Jamshedpur Football & Sporting Pvt. Ltd.
- Transaction for a nominal consideration of ₹100/-.
- Includes transfer of ISL license, players, and coaches.
- Divestment subject to AIFF and other approvals.
- JFSPL contributed 0.01% to consolidated turnover in FY26.
Price Impact
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