Amalgamated into and with Tata Steel Limited effective November 11, 2023 through a sanctioned. an aggregate…
As filed · General Updates
M&AWatchMajormateriality 82 out of 100
What happened
Factamalgamated into and with Tata Steel Limited effective November 11, 2023 through a sanctioned. an aggregate consideration of ₹12,100 crore. Acquired 5.23% equity stake in NINL and subsequently, during Fiscal 2023 through Fiscal 2025.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Scale
- 8.7% of FY26 revenue
₹12,100 Cr stated in the filing against ₹139,720.22 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%