Tata Steel has announced the acquisition of the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL) from BlueScope Steel Asia Holdings Pty Ltd for a consideration of up to ₹1,100 crore. Following the acquisition, TBSPL will become an indirect wholly-owned subsidiary, boosting Tata Steel’s focus on downstream businesses.
Strategic Acquisition
Tata Steel has finalized an agreement to acquire the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL). The stake is acquired from BlueScope Steel Asia Holdings Pty Ltd (BSAH) for a consideration of up to ₹1,100 crore. The acquisition was approved during a board meeting held on November 12, 2025.
Details of the Transaction
The transaction involves acquiring 43,30,00,000 equity shares of TBSPL. This acquisition will result in TBSPL becoming an indirect wholly-owned subsidiary of Tata Steel. The deal is subject to customary conditions precedent and approvals from regulatory authorities, including the Competition Commission of India.
TBSPL’s Business Overview
Tata BlueScope Steel Private Limited is a joint venture established in 2005 between Tata Steel and BlueScope Steel. TBSPL specializes in manufacturing coated steel products and solutions. It has facilities located in Jamshedpur, Chennai, Bhiwadi, Adityapur and Khed City. In fiscal year 2024-25, TBSPL reported revenue from operations of ₹4,234 crore.
Rationale Behind the Acquisition
This acquisition aligns with Tata Steel’s strategy to increase its focus on the downstream business, specifically in the flat products segment. It will consolidate the business of TBSPL as part of the Tata Steel portfolio.
Source: BSE
