Acquisition of equity stake in TMILL

Tata Steel Limited

20 August 2026

 

Ref No.: SEC/881/2026-27                                                                               

August 20, 2026

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Acquisition of equity stake in TM International Logistics Limited

This is further to our disclosure dated May 15, 2026, on the abovementioned subject. The Board of Directors of Tata Steel Limited ('Company') had approved the acquisition of 23% equity stake in TM International Logistics Limited ('TMILL') subject to necessary approvals.

This is to inform you that the Company on receipt of approval from the Competition Commission of India on August 18, 2026, has today i.e. on August 20, 2026, completed the acquisition of 41,40,000 equity shares of face value ₹10/- each (23% equity stake) for an aggregate consideration of ₹335 crore in TMILL [a 51:26:23 joint venture company between the Company, NYK Holding Europe B.V ('NYK') and IQ Martrade Holding Und Management GmbH ('IQ')] from IQ as per the terms and conditions of the Share Purchase Agreement executed on May 15, 2026. Post this transaction the Company holds 74% equity stake and NYK holds 26% equity shares in TMILL. TMILL has become a subsidiary of the Company.

Consequent to the aforesaid transaction, the Joint Venture Agreement dated July 26, 2001, between the Company and IQ, and the Deed of Adherence dated November 26, 2009, amongst the Company, TMILL, NYK, and IQ stands terminated with effect from August 20, 2026.

This disclosure is being made by the Company in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.

 

END