Key Highlights
- Tata Steel completed the acquisition of a 23% stake in TM International Logistics Limited (TMILL).
- The transaction was completed on August 20, 2026, after receiving Competition Commission of India approval.
- Tata Steel acquired 4.14 crore equity shares at ₹81 per share for an aggregate consideration of ₹335 crore.
- Tata Steel’s stake in TMILL has increased to 74%.
- NYK Holding Europe B.V. will hold the remaining 26% stake in TMILL.
- TM International Logistics has become a subsidiary of Tata Steel following the transaction.
- The acquisition resulted in the termination of the existing joint venture agreements among Tata Steel, NYK and IQ.
Tata Steel has completed the acquisition of a 23% equity stake in TM International Logistics Limited (TMILL) for ₹335 crore, strengthening its ownership in the logistics joint venture. The transaction was completed on August 20, 2026, following approval from the Competition Commission of India (CCI).
According to the company’s regulatory filing, Tata Steel acquired 4.14 crore equity shares of TMILL with a face value of ₹10 each. The shares were purchased at ₹81 per share from NYK Holding Europe B.V. (NYK) and IQ Martrade Holding and Management GmbH (IQ).
Following the transaction, Tata Steel’s holding in TM International Logistics has increased to 74%, while NYK will continue to hold the remaining 26% stake. TMILL has consequently become a subsidiary of Tata Steel.
The acquisition was carried out in accordance with the terms of the Share Purchase Agreement executed on May 15, 2026. Tata Steel had earlier disclosed the proposed acquisition of the 23% stake, subject to necessary regulatory approvals.
The completion of the transaction also resulted in the termination of the Joint Venture Agreement dated July 26, 2001, between Tata Steel, NYK and IQ, along with the related Deed of Adherence dated November 26, 2009.
TM International Logistics is involved in logistics and supply-chain-related operations. With Tata Steel increasing its ownership to 74%, the transaction gives the steelmaker greater control over the company and its logistics operations.
