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LONDON - Tata Steel (NSE:TISC) Limited (LSE:TTST) announced on Wednesday that its Board of Directors has approved the company’s financial results for the quarter ended June 30, 2025, and authorized the acquisition of a 26% equity stake in TP Adarsh Limited (TPAL).
During its meeting, the board reviewed and approved the audited standalone and unaudited consolidated financial results for the first quarter of the fiscal year, according to a press release statement. The financial information was prepared in accordance with the requirements of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations.
In addition to approving the quarterly results, the board sanctioned an investment of up to ₹6 crore (approximately $720,000) in TP Adarsh Limited. The investment will be made in one or more tranches, and involves executing a Share Purchase & Shareholders’ Agreement between Tata Steel, Tata Power Renewable Energy Limited (TPREL), and TPAL.
The acquisition will give Tata Steel a 26% ownership position in TPAL, which appears to be related to Tata Power’s renewable energy operations, though specific details about TPAL’s business activities were not disclosed in the announcement.
The board meeting began at 2:00 p.m. and concluded at 5:45 p.m. Indian Standard Time on Wednesday.
The company noted that further details regarding the financial results and the acquisition are available on Tata Steel’s website, and the disclosures were made in compliance with relevant SEBI regulations.
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