Read or download the official PDF of this gazette notification issued by the Competition Commission of India on 18th August 2026. Classified under Press Release.
Summary of CCI Approval: Tata Steel Acquisition of TM International Logistics Stake
Overview
On August 18, 2026, the Competition Commission of India (CCI) announced the approval of Tata Steel Ltd.’s (Tata Steel) acquisition of a 23% equity shareholding in TM International Logistics Limited (TMILL).
Transaction Details
The approved combination involves Tata Steel acquiring the entire 23% stake held by IQ Martrade Holding Und Management GmbH (IQ Martrade). This transaction results in the total exit of IQ Martrade from the TMILL joint venture.
Ownership Structure
Prior to the acquisition, TMILL operated as a joint venture with a 51:23:26 shareholding split between Tata Steel, IQ Martrade, and NYK (Europe) B.V., respectively. Post-consummation, the revised equity shareholding will be:
Tata Steel Ltd.: 74%
NYK (Europe) B.V.: 26%
Entity Profiles
Tata Steel Ltd.: A public limited company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It is an integrated steel manufacturer involved in the full production cycle, from mining to steelmaking and processing.
TM International Logistics Limited (TMILL): A public limited company established primarily to manage the logistics and cargo transportation needs of Tata Steel. Its services include railway cargo transportation, port operations, cargo handling, freight forwarding, and other value-added logistics services.
Administrative Data
Date of Announcement: 18 AUG 2026, 6:46 PM
Source: PIB Delhi
Release ID: 2300957
Reference: SR/ONP
Visitor Counter: 495
Key Entities Referenced
Competition Commission of India: The regulatory body that approved the acquisition of 23% equity shareholding in TM International Logistics by Tata Steel Ltd.
Tata Steel Ltd: The acquiring entity, an integrated steel manufacturer, increasing its stake in the target company to 74%.
TM International Logistics Limited: The target entity providing logistics and cargo transportation services, undergoing a change in joint venture shareholding.
IQ Martrade Holding Und Management GmbH: The existing joint venture partner exiting the company by selling its entire 23% equity shareholding.
NYK (Europe) B.V.: A joint venture partner retaining a 26% equity stake in TM International Logistics following the acquisition.
Competition Commission of India
CCI approves acquisition of 23% equity
shareholding of TM International Logistics by
Tata Steel Ltd
प्रव तथ: 18 AUG 2026 6:46PM by PIB Delhi
The Competition Commission of India (CCI) has approved acquisition of 23% equity shareholding of TM
International Logistics Ltd. by Tata Steel Ltd.
The proposed combination pertains to the acquisition by Tata Steel Ltd. (Tata Steel) of the entire
shareholding comprising 23% equity shares held by one of the existing joint venture partners, i.e., IQ
Martrade Holding Und Management GmbH (IQ Martrade) in TM International Logistics Limited
(TMILL), and the consequent exit of IQ Martrade from TMILL.
Post consummation of the proposed combination, IQ Martrade shall cease to be a shareholder of TMILL,
and Tata Steel and NYK (Europe) B.V. (NYK Europe) shall hold 74% and 26% equity shareholding in
TMILL, respectively.
Tata Steel is a public limited listed entity, engaged in integrated steel manufacturing operations, ranging
from mining to steelmaking to further processing. It is listed on the Bombay Stock Exchange (BSE) and
the National Stock Exchange (NSE).
TMILL is a public limited company, presently a 51:23:26 joint venture between Tata Steel, IQ Martrade
and NYK Europe. TMILL was incorporated as a joint venture primarily to cater to the logistics and cargo
transportation requirements of Tata Steel.
It primarily services Tata Steel’s operational and transportation requirements across various segments of
the logistics value chain, including: railway cargo transportation services, port operation and cargo
handling services, freight forwarding and other value-added logistics services.
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SR/ONP
(रलीज़ आईडी: 2300957) आगंतुक पटल : 495
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