Tata Steel Sells Jamshedpur Football Subsidiary for ₹100
Tata Steel Limited has agreed to transfer 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 deal includes the transfer of the Indian Super League (ISL) sporting license, 12 players, and 2 coaches. 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 transaction is subject to approvals from the All-India Football Federation and other customary conditions, with completion expected by August 31, 2026. This divestment aims to ensure continuity for the JFC players and coaching staff.
Key Highlights
- Tata Steel divests 100% stake in Jamshedpur Football subsidiary.
- Sale consideration is a nominal ₹100 to Churchill Brothers FC.
- Includes ISL license, players, and coaching staff transfer.
- Subsidiary contributed 0.01% to consolidated turnover.
- Transaction completion subject to AIFF approval.
Price Impact
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