Tata Steel completed a major acquisition on December 31, 2025, purchasing shares worth ₹1,099.97 crore in its joint venture company. The transaction marks a significant corporate development as the steel major strengthens its position in the joint venture structure.

Tata Steel's Strategic Acquisition

The company acquired 43,29,90,000 shares of face value ₹10 each in Tata BlueScope Steel Private Limited from BlueScope Steel Asia Holdings Pty Ltd. The joint venture operates as a 50:50 partnership between Tata Steel Ltd through its wholly owned subsidiary Tata Steel Downstream Products Ltd and BlueScope Steel Ltd through BlueScope Steel Asia Holdings Pty Ltd.

Leadership Changes Across Companies

Take Solutions announced significant leadership transitions effective December 31. Vedamirtham Venkatesan resigned from dual roles as Whole Time Director and Chief Financial Officer due to personal commitments and other preoccupations. Additionally, Cecily Dheepa stepped down from her position as Non-Executive and Non-Independent Director.

Canara Robeco Asset Management Company Limited also witnessed a leadership change as K Satyanarayana Raju resigned from his positions as Non-Executive Non-Independent Director and Chairman, effective December 31, 2025, following his superannuation as Managing Director & CEO of Canara Bank.

Corporate Restructuring and Regulatory Updates

Sammaan Capital's board approved a comprehensive scheme involving the demerger of NBFC business from its wholly owned subsidiary Sammaan Finserve Limited. The restructuring aims to consolidate lending operations, simplify group structure, ensure regulatory compliance including surrender of SFL's NBFC licence, and facilitate the proposed $1-billion investment by Avenir/IHC.

RBL Bank provided updates on its foreign shareholding applications, stating that requests to temporarily cap foreign shareholding at 24% of total equity instruments were not approved by the Reserve Bank of India and Government of India under existing regulations. The bank continues engaging with regulators for remaining approvals.

Major Financial Settlements and Investments

Vodafone Idea secured approximately ₹5,836 crore from Vodafone Group under a revised liability claim settlement agreement. The arrangement includes ₹2,307 crore to be released over 12 months, with Vodafone Group setting aside 328 crore shares for Vi's benefit.

Landmark Cars approved ₹80 crore investment across three wholly owned subsidiaries through rights issues of Optionally Convertible Redeemable Preference Shares. Lineage Power Private Limited, a material subsidiary of Pace Digitek, received an advance purchase order worth ₹94.35 crore from Bharat Sanchar Nigam Ltd.

Tata Steel Limited has successfully completed a major acquisition, purchasing equity shares worth ₹1,099.97 crore in Tata BlueScope Steel Private Limited on December 31, 2025. This strategic transaction marks a significant expansion of the company's stake in the joint venture entity.

Transaction Details

The acquisition involved the purchase of 43,29,90,000 equity shares with a face value of ₹10.00 each from BlueScope Steel Asia Holdings Pty Ltd. The transaction was executed according to the terms and conditions outlined in the Share Purchase Agreement that was originally signed on November 12, 2025.

Ownership Structure and Impact

Following the completion of this acquisition, Tata Steel's ownership position in Tata BlueScope Steel Private Limited has increased substantially. The company now holds 99.99% stake in TBSPL, both directly and indirectly, transforming the entity into an indirect subsidiary of Tata Steel Limited.

Tata BlueScope Steel Private Limited was originally established as a 50:50 joint venture between Tata Steel Limited through its wholly owned subsidiary Tata Steel Downstream Products Limited and BlueScope Steel Limited through its wholly owned subsidiary BlueScope Steel Asia Holdings Pty Ltd.

Regulatory Compliance

Tata Steel Limited has made this disclosure in accordance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company had previously disclosed information about this acquisition on November 12, 2025, and this announcement serves as confirmation of the transaction's completion.

The disclosure was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer of Tata Steel Limited, ensuring proper corporate governance and transparency in the acquisition process.