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Announced

Completed

Tata Steel completed the acquisition of a 93.71% stake in Neelachal Ispat Nigam for $1.6bn.

Synopsis

Tata Steel, a steel-making company, completed the acquisition of a 93.71% stake in Neelachal Ispat Nigam, a steel and iron products manufacturer, for $1.6bn. Consequently, NINL has become a subsidiary of TSLP and an indirect subsidiary of Tata Steel.

Principals

Neelachal Ispat Nigam

target

Neelachal Ispat Nigam

Tata Steel Group

bidder

Tata Steel Group

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Market Context

Dealmakers (8)

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T.V. Narendran

T.V. Narendran

ManagerCEO at TATA STEEL GROUP
Deal Bio
Total Deals
7/
Total Value
£2,176M
Nikunj Maheshwari

Nikunj Maheshwari

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
9/
Total Value
£6,549M
Qais Jamal

Qais Jamal

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
12/
Total Value
£4,602M
Hitesh Agarwal

Hitesh Agarwal

LawyerSenior Associate at AZB & Partners
Deal Bio
Total Deals
12/
Total Value
£8,104M
Shameek Chaudhuri

Shameek Chaudhuri

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
8/
Total Value
£3,432M
Nilanjana Singh

Nilanjana Singh

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
18/
Total Value
£55,241M
Himanshoo Tembe

Himanshoo Tembe

LawyerSenior Associate at AZB & Partners
Deal Bio
Total Deals
28/
Total Value
£51,346M
Sanak Mishra

Sanak Mishra

ManagerDeputy General Manager at NEELACHAL ISPAT NIGAM LIMITED
Deal Bio
Total Deals
1/
Total Value
£1,194M

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