Tata Steel has completed the acquisition of 90,06,801 equity shares of Thriveni Pellets Private Limited (TPPL) for ₹635.13 crore. This comprises 50.01% of TPPL’s equity. With this acquisition, Tata Steel directly holds 50.01% in TPPL and indirectly holds 50.01% in Brahmani River Pellets Private Limited (BRPL). Both TPPL and BRPL are now subsidiaries of Tata Steel.
Acquisition of Equity Stake
Tata Steel Limited has successfully completed the acquisition of an equity stake in Thriveni Pellets Private Limited (TPPL) as of January 30, 2026. This acquisition strengthens Tata Steel’s position in the pellets market.
Details of the Transaction
The company acquired 90,06,801 equity shares of TPPL, representing 50.01% of its equity share capital. The consideration for this acquisition was ₹635.13 crore. These shares have a face value of ₹10/- each.
Impact on Subsidiaries
Following the acquisition, Tata Steel directly holds 50.01% of the equity in TPPL. Furthermore, the company indirectly holds 50.01% in Brahmani River Pellets Private Limited (BRPL). Consequently, both TPPL and BRPL have become subsidiaries of Tata Steel.
Background of the Deal
This acquisition follows the approval of the Competition Commission of India received on January 20, 2026. The remaining 49.99% stake in TPPL will continue to be held by Llyods Metals & Energy Limited. TPPL holds 100% equity stake in BRPL.
Source: BSE
