Tata Steel executes share subscription, shareholders’ pact with TPREL, TPAL
Post this transaction, TPAL has become an indirect associate company of Tata Steel
Tata Steel has executed the share subscription and shareholders’ agreement (SSSA) with Tata Power Renewable Energy (TPREL) and TP Adarsh (TPAL) and completed the acquisition, by way of subscription, of 59,00,000 equity shares of face value of Rs 10 each of TPAL (26% equity shareholding) for an aggregate consideration of Rs 5.90 crore. Post this transaction, TPAL has become an indirect associate company of Tata Steel.
Earlier, the board of directors of the company at its meeting held on July 30, 2025, had approved the infusion of an amount up to Rs 6 crore, in one or more tranches, in TPAL, wholly owned subsidiary of TPREL.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
