Tata Steel Divests Jamshedpur Football Subsidiary for ₹100

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 for a nominal consideration of ₹100. The transaction includes the transfer of the Indian Super League sporting license, 12 players, and 2 coaches. JFSPL contributed 0.01% of Tata Steel's consolidated turnover in FY26, with a net-worth of ₹(5.8) crore as of March 31, 2026. The deal is subject to approvals from the All-India Football Federation and other customary conditions, with completion expected by August 31, 2026. This divestment is not a related party transaction and does not form part of any scheme of arrangement.