Tata Steel Limited (BSE:500470) agreed to acquire Medica TS Hospital Pvt. Ltd for INR 14.9 million on March 18, 2026. A cash consideration of INR 14.9 million will be paid by Tata Steel Limited. The deal includes 7,40,000 equity shares representing a 49% stake and more than 2.30 crore optionally convertible redeemable preference shares. Upon completion, the acquisition will make Medica TS Hospital a wholly owned subsidiary of Tata Steel. The transaction remains subject to necessary approvals.
Tata Steel Limited (BSE:500470) completed the acquisition of Medica TS Hospital Pvt. Ltd on March 30, 2026.
Tata Steel Limited is an India-based global steel company. The Company and its subsidiaries have presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The Company offers a range of steel products including a portfolio of high value-added downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes and wires. Its segments include Tata Steel India, Neelachal Ispat Nigam Limited, Other Indian Operations, Tata Steel Netherlands Operations, Tata Steel UK Operations, Other Trade Related Operations, South East Asian Operations and Rest of the World. It serves customers across diverse markets including construction and infrastructure, construction retail, automotive and ancillaries, energy, engineering goods, packaging, and downstream. Its products include Automotive Steels, Galvano, Tata Agrico (Agriculture, Construction, and Hand Tools), Tata Astrum and others.
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