Tata Steel Limited
Case brief
What is this about?
Annexure 25 seeking approval for Tata Steel's acquisition of 23% stake from IQ Martrade in TM International Logistics Limited, representing an internal consolidation with no competitive threat.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
ANNEXURE 25
SUMMARY OF THE PROPOSED TRANSACTION
[In terms of regulation 13(2) of the Competition Commission of India (Combinations)
Regulations, 2024]
Name of the parties to the combination
- The parties (“Parties”) to the Proposed Transaction are:
- Tata Steel Limited (“Tata Steel” / “Acquirer”);
- TM International Logistics Limited (“TMILL” / “Target”); and
- IQ Martrade Holding Und Management GmbH (“IQ Martrade” or “Seller”).
Nature and purpose of the combination
- The Proposed Transaction ( defined below ) pertains to the acquisition by Tata Steel of the entire shareholding comprising twenty-three per cent (23%) equity shares held by one of the existing joint venture partners, i.e., IQ Martrade in TMILL, and the consequent exit of IQ Martrade from TMILL for a consideration of up to Indian Rupee Three Hundred and Thirty - Five Crore (INR 335 Crores), subject to applicable withholding tax.
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page
- Order 2
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