Tata Steel Divests Jamshedpur Football Subsidiary

Tata Steel Limited has completed the divestment of its entire 100% stake in its wholly-owned subsidiary, Jamshedpur Football and Sporting Private Limited (JFSPL), to Churchill Brothers Sports Club Private Limited. This transaction follows the execution of a Share Purchase Agreement and receipt of necessary approvals. JFSPL is no longer a subsidiary of Tata Steel. Despite this divestment, the company reaffirms its commitment to sports development in India, pledging further investment in its sporting infrastructure, including the Tata Football Academy and youth training centers, and highlighting its broader legacy across 19 sports disciplines.