Tata Steel Limited has announced the completion of its acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL). The acquisition, which was approved by the Competition Commission of India on January 20, 2026, was finalized on January 30, 2026. The total consideration for this stake was ₹635.13 crore, with each equity share having a face value of ₹10. Thriveni Earthmovers Private Limited was the seller of this stake. Following this transaction, TPPL has become a subsidiary of Tata Steel. The remaining 49.99% stake in TPPL will continue to be held by Llyods Metals & Energy Limited. TPPL itself holds a 100% equity stake in Brahmani River Pellets Private Limited (BRPL). Consequently, Tata Steel now directly holds 50.01% in TPPL and indirectly holds the same percentage in BRPL, making both TPPL and BRPL subsidiaries of Tata Steel. This disclosure is made in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
