Tata Steel completes 50.01% acquisition of Thriveni Pellets for Rs 635 crore

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On the reaction day the stock moved 1.1 pts less than Nifty 100 and 1.0 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Tata Steel has completed acquisition of 50.01% equity stake (90,06,801 shares) in Thriveni Pellets Private Limited (TPPL) for Rs 635.13 crore from Thriveni Earthmovers. Llyods Metals holds balance 49.99%. TPPL owns 100% of Brahmani River Pellets, which has also become a subsidiary of Tata Steel. Competition Commission approval received on January 20, 2026.

Likely market impact

Adds pellet-making capacity to Tata Steel's iron-making business; TPPL and BRPL now subsidiaries, expanding operations.