Tata Steel Limited has informed the Exchange about Completion of acquisition of 100% stake in Neelachal Ispat Nigam Limited
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Tata Steel has completed the acquisition of 100% equity stake in Neelachal Ispat Nigam Limited (NINL), making it a wholly owned subsidiary. This follows a multi-year process: in July 2022, its erstwhile subsidiary Tata Steel Long Products bought 93.71% of NINL for ₹12,100 crore through a government disinvestment process. Tata Steel then directly acquired 5.23% in February 2023 and picked up the remaining minority stakes in tranches through FY23 to FY25. The final leg closing on July 24, 2025 consolidates full ownership of NINL under Tata Steel, with the earlier subsidiary having already merged into Tata Steel via a scheme of amalgamation effective November 2023.
NINL is now fully integrated as a wholly owned subsidiary, giving Tata Steel complete operational and financial control over the asset without any minority shareholders to share cash flows or decisions. Shareholders should view this as a wrap-up of a long-pending consolidation rather than a new strategic move, with the key question being how NINL's steel capacity and turnaround plan feed into Tata Steel's broader growth.