Acquiring Company
Tata Steel Limited
Acquired Company
TM International Logistics Limited
Description
The Competition Commission of India has approved Tata Steel Limited's acquisition of a 23% equity stake in TM International Logistics Limited from IQ Martrade. Following this acquisition, Tata Steel's shareholding in TMILL will increase to 74%. IQ Martrade will exit the joint venture, while NYK (Europe) B.V. retains a 26% stake.
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M&A Insights
Based on deal dataFrequently asked
Who acquired TM International Logistics Limited?
TM International Logistics Limited was acquired by Tata Steel Limited, based in Mumbai. The deal was reported on August 18, 2026. Tata Steel Limited is one of the top steel manufacturing companies in the world. It operates over 26 million tonnes of steel-making capacity across five continents. Tata Steel Limited is privately held and operates in Manufacturing.
When did Tata Steel Limited acquire TM International Logistics Limited?
Tata Steel Limited's acquisition of TM International Logistics Limited was reported on August 18, 2026. The Competition Commission of India has approved Tata Steel Limited's acquisition of a 23% equity stake in TM International Logistics Limited from IQ Martrade. Following this acquisition, Tata Steel's shareholding in TMILL will increase to 74%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TM International Logistics Limited do?
TM International Logistics Limited is a joint venture established to meet Tata Steel's logistics and cargo transportation requirements. Its operations include railway cargo transportation, port operations, and cargo handling. It is privately held, operating in Transportation, and is based in Mumbai.