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Tata Steel Completes Acquisition of 23% Stake in TM International Logistics

Tata Steel logoTata Steel
Sig3.35Sen+1.15Env0.00Soc0.00Gov+1.25

Tata Steel’s board approved the acquisition of a 23% equity stake in TM International Logistics Limited. After receiving Competition Commission of India approval on Aug 18, 2026, Tata Steel completed the purchase of 41,40,000 equity shares on Aug 20, 2026 for ₹335 crore. Following the transaction, the existing joint venture agreement and related adherence deed were terminated effective Aug 20, 2026.

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