Tata Steel's Board Meeting Approves Scheme of Amalgamation, Investment, and Acquisition

Tata Steel Ltd.'s Board of Directors met on March 17, 2026, and approved several key decisions. The Board approved a Scheme of Amalgamation between Neelachal Ispat Nigam Limited and Tata Steel Limited. The Board also approved an investment of up to USD 2 Billion in T Steel Holdings Pte. Ltd. Additionally, Tata Steel will acquire a stake in Medica TS Hospital Private Limited from Manipal Hospitals Eastern India Private Limited. The acquisition includes 49% equity stake and 31.85% preference share stake in Medica TS Hospital, making it a wholly owned subsidiary of Tata Steel Limited.