Tata Steel Limited has successfully acquired an additional 38,222 equity shares in its subsidiary, Creative Port Development Private Limited (CPDPL). This acquisition, resulting from the conversion of Optionally Convertible Redeemable Preference Shares (OCRPS), has increased Tata Steel’s equity stake in CPDPL from 51% to 57.5%. The transaction, which occurred on November 7, 2026, reinforces CPDPL’s status as a subsidiary and reflects the terms of the original preference share issue.
Tata Steel Expands Stake in Subsidiary CPDPL
On November 7, 2026, Tata Steel Limited announced the completion of an acquisition of 38,222 equity shares in its subsidiary, Creative Port Development Private Limited (CPDPL). These shares, each with a face value of ₹10/-, were acquired due to the conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares (OCRPS) previously held by Tata Steel in CPDPL. The conversion ratio was set at 1 equity share of ₹10/- for every 65.69 OCRPS of ₹100/-, as stipulated by the terms of the issue.
Increased Equity Holding and Subsidiary Status
Following this conversion, Tata Steel Limited’s equity stake in CPDPL has seen a notable increase of 6.5%, rising from 51% to 57.5%. This development ensures that CPDPL continues to be recognized as a subsidiary of Tata Steel Limited. The acquired shares are valued at a face value of ₹10/- each. The fractional entitlements arising from the conversion were settled through a cash payment of ₹6,876.11.
Details of the Acquisition
CPDPL, a subsidiary of Tata Steel Limited, is engaged in the development of a Port Project through its own subsidiary, Subarnarekha Port Private Limited. For the financial year 2025-26, CPDPL reported a Profit After Tax (PAT) of ₹0.31 crore and a Net Worth of ₹222.01 crore. The company’s turnover for the last three financial years (2023-24 to 2025-26) has been consistently ₹0 crore, with ‘Other Income’ figures ranging from ₹3.67 crore to ₹4.40 crore.
This disclosure is made in compliance with the applicable regulations, providing transparency on the increase in shareholding within a key subsidiary.
Source: BSE
