REG - Tata Steel Limited - Acquisition of equity stake in TSN Wires Co. Ltd

SN

Particulars

Details

1.

Name of the target entity, details in brief such as size, turnover etc.

TSN Wires Company Limited ('TSN Wires'), incorporated on April 11, 2012, is a Thailand based downstream steel wires company having a capacity of 41 KTPA. Its financials are as under:

( ₹ crore)

On July 31, 2025, The Siam Industrial Wire Company Limited ('SIW'), an indirect wholly owned foreign subsidiary of Tata Steel Limited, executed a Share Purchase Agreement with Nichia Steel Works Ltd, for acquisition of the 40% equity stake held by Nichia in TSN Wires, for a nominal consideration of THB 100 (approximately ₹270). With this acquisition, TSN Wires will become an indirect wholly owned foreign subsidiary of the Company.

2.

Whether the acquisition would fall within         related party transaction(s) and whether the promoter/promoter group/ group companies have any interest in                  the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"

No

3.

Industry to   which   the   entity   being acquired belongs

Steel Industry

4.

Objects and impact of acquisition (including but not limited to, disclosure of                                 reasons for acquisition of target entity, if  its business is outside the main line of business of the listed entity)

The acquisition of  40% equity stake in TSN Wires by SIW will result in TSN Wires becoming a wholly owned subsidiary of SIW. This will enhance synergies and improve efficiency in management of SIW and TSN Wires.

5.

Brief details of any governmental or regulatory approvals required for the acquisition                                                               

None

6.

Indicative time period for completion of the acquisition

Within one month of execution of the Share Purchase Agreement.

7.

Consideration - whether cash         consideration or share swap or any other form and details of the same

 Cash consideration

8.

Cost of acquisition and/or the price at which the shares are acquired

Nominal Consideration of THB 100 (approximately ₹270)

9.

Percentage of shareholding/ control   acquired and/or number of shares acquired

SIW will acquire 40% stake in TSN Wires.

10.

Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).

TSN Wires was incorporated on April 11, 2012. It is a joint venture between SIW (60%) and Nichia Steel Works Ltd. (40%). It was established to cater to premium steel wire segments.

TSN Wires operates in Thailand and sells its products in domestic market of Thailand and certain export markets. Its financials are as under:

( ₹ crore)