REG - Tata Steel Limited - Acquisition of equity stake in TSN Wires Co. Ltd
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RNS Number : 5045T Tata Steel Limited 31 July 2025
July 31, 2025
The Secretary, Listing Department The Manager, Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5(th) Floor, Plot No. C/1,
Dalal Street, G Block, Bandra-Kurla Complex, Bandra,
Mumbai - 400 001. Mumbai - 400 051.
Maharashtra, India. Maharashtra, India.
Scrip Code: 500470 Symbol: TATASTEEL
Dear Madam, Sirs,
Sub: Acquisition of equity stake in TSN Wires Company Limited
This is in reference to the abovementioned subject.
The Siam Industrial Wire Company Limited ('SIW') is an indirect wholly owned
foreign subsidiary of Tata Steel Limited ('Company') incorporated in Thailand.
TSN Wires Company Limited ('TSN Wires') is a joint venture company between SIW
(60% stake) and Nichia Steel Works Ltd. ('Nichia') (40% stake), having
operations in Thailand. Both SIW and TSN Wires form part of the Company's
South-East Asia business.
On July 31, 2025, SIW executed a Share Purchase Agreement with Nichia, for
acquisition of the 40% equity stake held by Nichia in TSN Wires at a nominal
consideration of
THB 100 (approximately ₹270). With this acquisition, TSN Wires will become
an indirect wholly owned foreign subsidiary of the Company.
Further details of the said acquisition are enclosed herewith as Annexure.
This disclosure is being made pursuant to Regulation 30, 51, Schedule III and
other applicable provisions of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is for your information and records.
Encl.: Annexure
Annexure
SN Particulars Details
1. Name of the target entity, details in brief such as size, turnover etc. TSN Wires Company Limited ('TSN Wires'), incorporated on April 11, 2012, is a
Thailand based downstream steel wires company having a capacity of 41 KTPA.
Its financials are as under:
( ₹ crore)
TSN Wires FY23 FY24 FY25
Turnover 267 251 275
PAT (14) (17) (10)
Net worth 19 1 (10)
On July 31, 2025, The Siam Industrial Wire Company Limited ('SIW'), an
indirect wholly owned foreign subsidiary of Tata Steel Limited, executed a
Share Purchase Agreement with Nichia Steel Works Ltd, for acquisition of the
40% equity stake held by Nichia in TSN Wires, for a nominal consideration of
THB 100 (approximately ₹270). With this acquisition, TSN Wires will become
an indirect wholly owned foreign subsidiary of the Company.
2. Whether the acquisition would fall within related party
transaction(s) and whether the promoter/promoter group/ group companies have
any interest in the entity being acquired? No
If yes, nature of interest and details thereof and whether the same is done at
"arm's length"
3. Industry to which the entity being acquired belongs Steel Industry
4. Objects and impact of acquisition (including but not limited to, disclosure The acquisition of 40% equity stake in TSN Wires by SIW will result in TSN
of reasons for Wires becoming a wholly owned subsidiary of SIW. This will enhance synergies
acquisition of target entity, if its business is outside the main line of and improve efficiency in management of SIW and TSN Wires.
business of the listed entity)
5. Brief details of any governmental or regulatory approvals required for the None
acquisition
6. Indicative time period for completion of the acquisition Within one month of execution of the Share Purchase Agreement.
7. Consideration - whether cash consideration or share swap or Cash consideration
any other form and details of the same
8. Cost of acquisition and/or the price at which the shares are acquired Nominal Consideration of THB 100 (approximately ₹270)
9. Percentage of shareholding/ control acquired and/or number of shares SIW will acquire 40% stake in TSN Wires.
acquired
10. Brief background about the entity acquired in terms of products/line of TSN Wires was incorporated on April 11, 2012. It is a joint venture between
business acquired, date of incorporation, history of last 3 years turnover, SIW (60%) and Nichia Steel Works Ltd. (40%). It was established to cater to
country in which the acquired entity has presence and any other significant premium steel wire segments.
information (in brief).
TSN Wires operates in Thailand and sells its products in domestic market of
Thailand and certain export markets. Its financials are as under:
( ₹ crore)
TSN Wires FY23 FY24 FY25
Turnover 267 251 275
PAT (14) (17) (10)
Net worth 19 1 (10)
On July 31, 2025, The Siam Industrial Wire Company Limited ('SIW'), an
indirect wholly owned foreign subsidiary of Tata Steel Limited, executed a
Share Purchase Agreement with Nichia Steel Works Ltd, for acquisition of the
40% equity stake held by Nichia in TSN Wires, for a nominal consideration of
THB 100 (approximately ₹270). With this acquisition, TSN Wires will become
an indirect wholly owned foreign subsidiary of the Company.
2.
Whether the acquisition would fall within related party
transaction(s) and whether the promoter/promoter group/ group companies have
any interest in the entity being acquired?
If yes, nature of interest and details thereof and whether the same is done at
"arm's length"
No
3.
Industry to which the entity being acquired belongs
Steel Industry
4.
Objects and impact of acquisition (including but not limited to, disclosure
of reasons for
acquisition of target entity, if its business is outside the main line of
business of the listed entity)
The acquisition of 40% equity stake in TSN Wires by SIW will result in TSN
Wires becoming a wholly owned subsidiary of SIW. This will enhance synergies
and improve efficiency in management of SIW and TSN Wires.
5.
Brief details of any governmental or regulatory approvals required for the
acquisition
None
6.
Indicative time period for completion of the acquisition
Within one month of execution of the Share Purchase Agreement.
7.
Consideration - whether cash consideration or share swap or
any other form and details of the same
Cash consideration
8.
Cost of acquisition and/or the price at which the shares are acquired
Nominal Consideration of THB 100 (approximately ₹270)
9.
Percentage of shareholding/ control acquired and/or number of shares
acquired
SIW will acquire 40% stake in TSN Wires.
10.
Brief background about the entity acquired in terms of products/line of
business acquired, date of incorporation, history of last 3 years turnover,
country in which the acquired entity has presence and any other significant
information (in brief).
TSN Wires was incorporated on April 11, 2012. It is a joint venture between
SIW (60%) and Nichia Steel Works Ltd. (40%). It was established to cater to
premium steel wire segments.
TSN Wires operates in Thailand and sells its products in domestic market of
Thailand and certain export markets. Its financials are as under:
( ₹ crore)
TSN Wires FY23 FY24 FY25
Turnover 267 251 275
PAT (14) (17) (10)
Net worth 19 1 (10)
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