REG - Tata Steel Limited - Completion of acquisition of 100% stake in NINL

TATA SteelAnnouncement

24/07/2025 18:30

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RNS Number : 5119S  Tata Steel Limited  24 July 2025

 

 

 

 
         July 24, 2025

London Stock Exchange

London

 

Dear Sir, Madam,

 

Sub: Completion of acquisition of 100% stake in Neelachal Ispat Nigam Limited

 

This has reference to the aforementioned subject.

 

Background:

 

On July 4, 2022, Tata Steel Long Products Limited (erstwhile listed subsidiary
company which stands amalgamated into and with Tata Steel Limited effective
November 11, 2023 through a sanctioned Scheme of Amalgamation) had acquired
93.71% equity stake in Neelachal Ispat Nigam Limited ('NINL') through the
process run by Department of Disinvestment & Public Asset Management for
an aggregate consideration of ₹12,100 crore. Further, on February 21, 2023,
Tata Steel Limited acquired 5.23% equity stake in NINL and subsequently,
during Fiscal 2023 through Fiscal 2025, acquired, in tranches, minority equity
stake in NINL.

 

Update:

 

On July 24, 2025, Tata Steel Limited completed the acquisition of 100% equity
stake in NINL and accordingly, NINL has become a wholly owned subsidiary of
the Company.

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended.

 

This is for your information and records.

 

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