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Announced

31 Jan 2022

Completed

4 Jul 2022

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

target

Neelachal Ispat Nigam

bidder

Tata Steel Group

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Market Context

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Seller Team (1)

sanak mishra

Deputy General Manager at NEELACHAL ISPAT NIGAM LIMITED

Manager

target

Deal

£ 1.19 B

Total Value

Bidder Team (7)

t.v. narendran

CEO at TATA STEEL GROUP

Manager

bidder

Deals

£ 2.18 B

Total Value

nikunj maheshwari

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 6.55 B

Total Value

qais jamal

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 5.55 B

Total Value

hitesh agarwal

Senior Associate at AZB & Partners

Lawyer

bidder

Deals

£ 8.20 B

Total Value

shameek chaudhuri

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 3.43 B

Total Value

nilanjana singh

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 55.61 B

Total Value

himanshoo tembe

Senior Associate at AZB & Partners

Lawyer

bidder

Deals

£ 51.35 B

Total Value

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