Tata Steel Completes Acquisition of 23% Stake in TM International Logistics for ₹335 Crore
Tata Steel completed the acquisition of 23% stake in TM International Logistics (TMILL) for ₹335 crore on August 20, 2026. This increases Tata Steel's stake to 74%, making TMILL a subsidiary. The acquisition was completed after receiving CCI approval.
The acquisition of a significant stake in a logistics company is a strategic move that enhances the company's supply chain capabilities. The financial impact is moderate given the transaction value relative to Tata Steel's overall size.
The acquisition of a controlling stake in TMILL is a positive development for Tata Steel, indicating strategic expansion and consolidation of its logistics operations.
Tata Steel Limited has announced the completion of its acquisition of a 23% equity stake in TM International Logistics Limited (TMILL) for an aggregate consideration of ₹335 crore. This acquisition, involving 41,40,000 equity shares of face value ₹10 each, was finalized on August 20, 2026.
The transaction follows the approval received from the Competition Commission of India on August 18, 2026. The acquisition was made from IQ Martrade Holding Und Management GmbH (IQ) as per the terms of the Share Purchase Agreement executed on May 15, 2026.
Following this acquisition, Tata Steel Limited now holds a 74% equity stake in TMILL, with NYK Holding Europe B.V. retaining a 26% stake. Consequently, TMILL has become a subsidiary of Tata Steel Limited. The acquisition also led to the termination of the Joint Venture Agreement dated July 26, 2001, between Tata Steel and IQ, and the Deed of Adherence dated November 26, 2009, which stood terminated effective August 20, 2026.
This disclosure is made in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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