Tata Steel Limited has successfully completed a significant acquisition in the pellets business, purchasing a controlling stake in Thriveni Pellets Private Limited for ₹635.13 crore. The transaction was finalized following regulatory approval from the Competition Commission of India.

Acquisition Details

The steel major acquired 90,06,801 equity shares of face value ₹10 each, representing a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL). The shares were purchased from Thriveni Earthmovers Private Limited for a total consideration of ₹635.13 crore.

Regulatory Approval and Timeline

The acquisition received crucial approval from the Competition Commission of India, clearing the path for completion. This regulatory clearance was essential for the transaction, which demonstrates Tata Steel's strategic expansion in the pellets segment.

Ownership Structure and Subsidiaries

Following the completion of this acquisition, Tata Steel now holds direct control of 50.01% in TPPL, while Llyods Metals & Energy Limited continues to hold the remaining 49.99% stake. The transaction also provides Tata Steel with indirect control over Brahmani River Pellets Private Limited (BRPL), as TPPL maintains 100% equity ownership in BRPL.

Corporate Compliance

Both TPPL and BRPL have now become subsidiaries of Tata Steel Limited following the completion of this acquisition. The company has made this disclosure in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

The announcement was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer of Tata Steel Limited, and communicated to both BSE Limited and National Stock Exchange of India Limited.

The High Court has granted Tata Steel extended interim protection, with proceedings scheduled to continue until February 2, 2026. This legal development provides the steel manufacturer with continued judicial safeguards for an extended period.

Court Decision Details

The High Court's ruling extends the existing interim protection measures that were previously in place for Tata Steel. The decision establishes a clear timeline for the legal proceedings, with the next hearing set for February 2, 2026.

Implications for Tata Steel

The extension of interim protection provides Tata Steel with legal stability and court-mandated safeguards until the next scheduled hearing. This judicial decision offers the company a defined timeframe within which the legal matters will be addressed.

The court's decision to extend the protection until early 2026 indicates the ongoing nature of the legal proceedings. This extended timeline allows for comprehensive legal review while maintaining the protective measures currently in place for the steel manufacturer.

Legal Timeline

With the next hearing scheduled for February 2, 2026, Tata Steel will operate under the continued interim protection granted by the High Court. This extended period provides clarity regarding the legal proceedings and establishes a framework for future court interactions.