Tata Steel receives the certified order approving its merger with Rujuvalika Investments
- Mergers & acquisitions
- Steel And Steel Products
Tata Steel Limited has told the exchanges that on 15 Oct 2026 it received the certified true copy of the order of the National Company Law Tribunal (NCLT), Mumbai Bench, approving the Scheme of Amalgamation of Rujuvalika Investments Limited into Tata Steel. The tribunal had pronounced the order on 1 Oct 2026.
Rujuvalika Investments is a wholly owned subsidiary of Tata Steel, and the scheme is made under Sections 230 to 232 of the Companies Act, 2013. The company had made earlier disclosures about the scheme on 31 Jul 2024 and 1 Oct 2026, and it has enclosed the certified copy of the order with this filing.
Inference
The filing is a step in an internal restructuring: a wholly owned subsidiary is being merged into its parent, so no outside shareholders are affected by the exchange of shares. The tribunal's approval has been given, and the certified copy is what the company needs to take the scheme forward.
The filing does not give a date on which the merger takes effect or any financial figures. Investors may want to look for the company's later announcement of the effective date and for how the merger is reflected in its accounts.
Reference: Original filing (PDF)
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