The Commission has approved acquisition of 50.01% equity share capital of Thriveni Pellets Pvt Ltd by Tata Steel Ltd.

The proposed combination relates to Tata Steel Limited’s proposed acquisition of 50.01% equity share capital of Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited.

Tata Steel Limited is a public limited listed entity engaged in integrated steel manufacturing operations, ranging from mining to steelmaking to further processing. It is engaged in the production and sale of steel and related steel products, serving diverse sectors such as agriculture, automotive, construction, energy and infrastructure. It is inter alia also engaged in the mining of iron ore, and production of iron ore pellets, sponge iron and crude steel.

TPPL is a private limited company engaged in the sale of iron ore pellets in India. TPPL’s wholly owned subsidiary, Brahmani River Pellets Limited, is also engaged in production and sale of iron ore pellets in India.

Detailed order of the Commission will follow.

Tata Steel acquisition of 50.01% stake in Thriveni Pellets approved, affecting iron ore pellet production and sales. The Commission approved Tata Steel Limited's acquisition of 50.01% equity in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited, giving Tata Steel majority control of a company engaged in production and sale of iron ore pellets; TPPL's subsidiary Brahmani River Pellets Limited also produces and sells iron ore pellets in India.