Tata Steel Limited on July 24, 2025 announced the completion of the acquisition of 100 percent equity stake in Neelachal Ispat Nigam Limited (NINL), making NINL become a subsidiary of the company’s full -ridden subsidiary. The acquisition was initially done through Tata Steel Long Products Limited, which bought 93.71 percent stake in NINL on July 4, 2022 for ₹ 12,100 crore.
Background of acquisition
Tata Steel Long Products Limited (TSLP), which was later merged into Tata Steel Limited, acquired 93.71 percent equity stake in NINL for a total of ₹ 12,100 crore on July 4, 2022. This was part of the process of the Department of Early Acquisition Disinvestment and Public Property Management. Subsequently, Tata Steel Limited acquired an additional 5.23 percent equity stake in NINL on 21 February 2023. In the period from the financial year 2023 to the financial year 2025, Tata Steel continued to increase its stake in NINL by acquiring minority equity stake in installments.
Conclusion of acquisition
On July 24, 2025, Tata Steel Limited finalized the acquisition, leading to 100 percent of its total equity stake in NINL. As a result, NINL has now become a fully owned subsidiary of Tata Steel Limited.
Regulatory compliance
This disclosure has been done in compliance with Regulations 30 and 51 of the Regulations, 2015, the Securities and Exchange Board of India (listing obligation and disclosure requirements), as modified.