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 up to ₹1,100 crore. This acquisition will make TBSPL an indirect wholly owned subsidiary. The transaction is subject to customary conditions and regulatory approvals and is expected to be completed in 3-4 months.
Strategic Acquisition
Tata Steel has approved the acquisition of the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL). This strategic move will be executed through a share purchase agreement with BlueScope Steel Asia Holdings Pty Ltd (BSAH) for a consideration of up to ₹1,100 crore.
Details of the Transaction
The acquisition of equity shares in TBSPL, currently a joint venture, is subject to customary conditions precedent. After completion, TBSPL will transition to an indirect wholly owned subsidiary of Tata Steel. This transaction is expected to be completed within 3-4 months, contingent upon obtaining approvals from regulatory authorities, including the Competition Commission of India, and other stakeholders.
About Tata BlueScope Steel
Tata BlueScope Steel Private Limited (TBSPL), incorporated on February 9, 2005, manufactures coated steel products in India. Last Financial Year (FY25), TBSPL had revenue from operations of ₹4,234 crore. With manufacturing facilities located in Jamshedpur, Chennai, Bhiwadi, Adityapur, and Khed City (Pune), TBSPL offers world class products for building and construction segments.
Financial Details
The decision to acquire the balance stake in TBSPL aligns with Tata Steel’s strategy to grow its downstream business in the flat products segment.
TBSPL’s revenue for FY25 stood at ₹4,234 crore, with FY24 at ₹4,240 crore, and FY23 at ₹3,255 crore. Profit for FY25 was ₹62 crore, with the previous two years at ₹29 crore and ₹284 crore respectively.
Source: BSE
