Tata Steel Limited — JV/Acquisition, 01-04-2025: Acquisition

Tata Steel has acquired 1,24,90,000 equity shares of Indian Foundation for Quality Management (IFQM) for ₹12.49 crore, raising its stake from 9.09% to 16.66%. IFQM, a not-for-profit entity established to promote quality management practices in India, had no revenue in its first year and a net worth of ₹59.67 crore as of March 31, 2024. This strategic move aims to align with IFQM’s mission and support its initiatives, potentially enhancing Tata Steel's operational framework and industry impact.