Tata Steel Limited Completes Acquisition of 26% Stake in TP Adarsh Limited
Tata Steel Limited announced the completion of its acquisition of a 26% equity stake in TP Adarsh Limited (TPAL), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL). The transaction was finalized on April 21, 2026.The acquisition followed the previous approval by the company's Board of Directors to infuse capital into TPAL and execute a Share Purchase and Shareholders' Agreement (SPSA) to acquire the specified stake.
Tata Steel Limited executed the Share Subscription and Shareholders' Agreement (SSSA) with TPREL and TPAL to finalize the purchase. Through this transaction, Tata Steel acquired 59,00,000 equity shares of TPAL.
The details of the acquired stake and the consideration amount are as follows:
| Detail | Value |
|---|---|
| Company Acquired Stake | 26% equity shareholding in TP Adarsh Limited |
| Number of Shares Acquired | 59,00,000 equity shares |
| Face Value per Share | ₹10/- |
| Aggregate Consideration | ₹5,90,00,000/- |
Following the successful execution of the agreement and completion of the acquisition, TP Adarsh Limited became an indirect associate company of Tata Steel Limited.
TATASTEEL Stock Price Movement
Shares of Tata Steel Limited today slipped 0.06% to settle at ₹211.6, closing down ₹0.12. The stock traded on a volume of 17.43 million shares, finishing near its 52-week high benchmark of ₹216.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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