Tata Steel Acquires 50.01% Stake in Thriveni Pellets
Filing Summary
Tata Steel Limited has completed the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for ₹635 crore. The acquisition was finalized on January 30, 2026, following approval from the Competition Commission of India. TPPL holds a 100% stake in Brahmani River Pellets Private Limited, making both entities subsidiaries of Tata Steel. The remaining 49.99% of TPPL is held by Llyods Metals & Energy Limited. This transaction aligns with Tata Steel’s strategic business objectives.
Tata Steel Limited has completed the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) as of January 30, 2026. The acquisition involved the purchase of 90,06,801 equity shares, each with a face value of ₹10, for a total consideration of ₹635 crore. This transaction follows the approval from the Competition Commission of India, received on January 20, 2026.
Post-acquisition, Tata Steel directly holds 50.01% in TPPL. TPPL holds a 100% equity stake in Brahmani River Pellets Private Limited (BRPL), resulting in Tata Steel indirectly holding 50.01% in BRPL. Consequently, both TPPL and BRPL have become subsidiaries of Tata Steel. The remaining 49.99% stake in TPPL is retained by Llyods Metals & Energy Limited.
This disclosure complies with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Tata Steel Limited is a leading global steel company engaged in the production and distribution of steel products. The company focuses on expanding its operational capabilities and enhancing its product portfolio to meet diverse market demands. Tata Steel continues to pursue strategic acquisitions to strengthen its position in the steel industry.