Tata Steel Acquires Remaining Stake in Medica TS Hospital Private Limited
Tata Steel Limited has completed the acquisition of the remaining stake in Medica TS Hospital Private Limited, making it a wholly-owned subsidiary of the company. The acquisition finalized on March 30, 2026, follows a previous disclosure made on March 17, 2026.The acquisition involved purchasing securities from Manipal Hospitals Eastern India Private Limited. Tata Steel acquired 7,40,000 equity shares with a face value of ₹10 each, representing a 49% equity stake, and 2,30,05,182 Optionally Convertible Redeemable Preference Shares (-0.01%) constituting 31.85% of the preference share stake. The total consideration for the acquisition was ₹1.49 crore.
With this acquisition, Tata Steel Limited now holds 100% of both the equity shares and Optionally Convertible Redeemable Preference Shares in Medica TS Hospital.
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