Tata Metal Restricted on July 24, 2025 introduced the finishing touch of the purchase of 100% fairness stake in Neelachal Ispat Nigam Restricted (NINL), making NINL grow to be a subsidiary of the corporate’s complete -ridden subsidiary. The purchase was once to start with carried out thru Tata Metal Lengthy Merchandise Restricted, which purchased 93.71 p.c stake in NINL on July 4, 2022 for ₹ 12,100 crore.
Background of acquisition
Tata Metal Lengthy Merchandise Restricted (TSLP), which was once later merged into Tata Metal Restricted, received 93.71 p.c fairness stake in NINL for a complete of ₹ 12,100 crore on July 4, 2022. This was once a part of the method of the Division of Early Acquisition Disinvestment and Public Assets Control. Due to this fact, Tata Metal Restricted received an extra 5.23 p.c fairness stake in NINL on 21 February 2023. Within the length from the monetary yr 2023 to the monetary yr 2025, Tata Metal endured to extend its stake in NINL via obtaining minority fairness stake in installments.
Conclusion of acquisition
On July 24, 2025, Tata Metal Restricted finalized the purchase, resulting in 100% of its general fairness stake in NINL. Because of this, NINL has now grow to be an absolutely owned subsidiary of Tata Metal Restricted.
Regulatory compliance
This disclosure has been carried out in compliance with Rules 30 and 51 of the Rules, 2015, the Securities and Trade Board of India (list legal responsibility and disclosure necessities), as changed.