Divestment of entire stake held in Ceramat Private Limited by Tata SteelAdvanced Materials Limited, a wholly owned subsidiary of Tata Steel Limited
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Tata Steel's wholly owned subsidiary, Tata Steel Advanced Materials Limited (TSAML), has sold its entire 90% equity and 100% preference stake in Ceramat Private Limited (CPL) to Lionstead Applied Materials Private Limited. The total consideration is approximately ₹1 crore (₹99,99,900). The sale was executed on August 18, 2025, through a Share Purchase Agreement. With this transaction, CPL ceases to be a subsidiary of Tata Steel. The buyer is unrelated to the promoter or group companies, and the transaction is not a related-party deal.
This is a routine divestment of a non-core, financially immaterial subsidiary — Ceramat contributed just 0.001% of consolidated turnover (₹1.73 crore) and 0.014% of net worth (₹12.89 crore) in FY25. Shareholders should view this as housekeeping with negligible financial impact on Tata Steel's earnings or valuation.