Tata Steel Limited has completed the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for a total consideration of ₹635.13 crore, following approval from the Competition Commission of India received on January 20, 2026.
The acquisition involves 90,06,801 equity shares of ₹10 each, purchased from Thriveni Earthmovers Private Limited. The remaining 49.99% stake continues to be held by Llyods Metals & Energy Limited.
Strategic Subsidiary Expansion
TPPL owns 100% of Brahmani River Pellets Private Limited (BRPL). As a result of this acquisition:
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Tata Steel now directly holds 50.01% in TPPL
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Tata Steel indirectly holds 50.01% in BRPL
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Both TPPL and BRPL are now subsidiaries of Tata Steel
This move strengthens Tata Steel’s pellet and downstream raw material business, supporting its long-term growth and operational integration strategy.
Regulatory Compliance
The disclosure has been made in accordance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, specifically Regulations 30 and 51.
Tata Steel’s Company Secretary and Chief Legal Officer, Parvatheesam Kanchinadham, confirmed the completion of the acquisition in official filings to BSE and NS