Acquisitions15 May 2026, 06:41 pm
Tata Steel to Acquire 23% Stake in TMILL for ₹335 Cr
AI Summary
Tata Steel Ltd's board approved the acquisition of 41,40,000 equity shares (23% stake) in TM International Logistics Limited (TMILL) from IQ Martrade Holding Und Management GmbH for ₹335 crore. Following the acquisition, Tata Steel will hold 74% equity in TMILL, while NYK Holding Europe B.V will hold 26%. The transaction is subject to regulatory approvals, including from the Competition Commission of India. The board also recommended a dividend of ₹4 per share for FY2025-26.
Key Highlights
- Tata Steel to acquire 23% stake in TMILL from IQ for ₹335 crore.
- Post-acquisition, Tata Steel will hold 74% equity in TMILL.
- Board recommends a dividend of ₹4 per share for FY2025-26.
- Record date for dividend is fixed as Friday, June 12, 2026.
- TSN received notices and paid over €20 million in penalties in FY2026.
Price Impact
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