Tata Steel has announced that its wholly owned subsidiary, Tata Steel Advanced Materials (TSAML), is divesting its entire stake in Ceramat Private (CPL).
The company said in the regulatory filing that the Board of TSAML approved the sale of 90 per cent equity and 100 per cent preference stake in CPL to Lionstead Applied Materials Private, a wholly owned subsidiary of Lionstead Ventures LLP. A share purchase agreement has also been signed between TSAML, CPL, Lionstead, and other shareholders of CPL.
“With this divestment, TSAML ceases to hold any securities in CPL and consequently, CPL ceases to be a subsidiary of Tata Steel,” the company stated in its disclosure.
CPL contributed only 0.001 per cent to Tata Steel’s revenue
Tata Steel will receive Rs 99.99 lakh from the transaction, which was completed on August 18, 2025, the same day the agreement was signed.
For the financial year 2024-25, CPL reported a turnover of Rs 1.73 crore, contributing only 0.001 per cent to Tata Steel’s consolidated revenue. The net worth of CPL stood at Rs 12.89 crore as of March 31, 2025, which is 0.014 per cent of the company’s consolidated net worth.
No related-party transaction involved
The buyer, Lionstead Applied Materials Private, does not belong to Tata Steel’s promoter group or group companies. The deal does not fall under related-party transactions, the company clarified.
The disclosure was made in line with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.