07-Nov-2026 15:45:59

TATASTEELAcquisition and merger

TATASTEEL : RAISES STAKE IN CREATIVE PORT DEVELOPMENT TO 57.5%

• Tata Steel completed acquisition of 38,222 equity shares of ₹10 each in Creative Port Development Private Limited (CPDPL) on November 7, 2026 • Shares allotted on conversion of 25,10,830 OCRPS of ₹100 each held by the company, at 1 equity share for every 65.69 OCRPS • Equity stake in CPDPL rises 6.5% from 51% to 57.5%; CPDPL continues to remain a subsidiary of Tata Steel • CPDPL develops a port project through its subsidiary Subarnarekha Port Private Limited • Target turnover was nil in FY24, FY25 and FY26; FY26 PAT at ₹0.31 Cr and net worth at ₹222.01 Cr • Fractional entitlement of 0.41 shares settled in cash for ₹6,876.11 Impact: Neutral (stake increase via preference share conversion, no material cash outgo; target yet to report operations revenue)

Tata Steel Ltd

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