BSECompany Update31 Aug 2026 · 31 Aug 2026, 10:32 pm
Divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary
Tata Steel Ltd · 500470
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Tata Steel Ltd has completed the divestment of its entire stake in Jamshedpur Football and Sporting Private Limited, a wholly-owned subsidiary, to Churchill Brothers Sports Club Private Limited. The company will continue to invest in sports infrastructure and development.
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Growth Catalyst3/10
Governance Concern1/10
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Market Sentiment5/10
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Tata Steel Ltd - 500470 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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Ref No. SEC/962/2025-26 August 31, 2026
The Secretary, Listing Department The Manager, Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 001. Mumbai - 400 051.
Maharashtra, India. Maharashtra, India.
Scrip Code: 500470 Symbol: TATASTEEL
Dear Madam, Sirs,
Sub: Divestment of entire stake held in Jamshedpur Football and Sporting Private
Limited, wholly owned subsidiary
This is further to our disclosure dated August 14, 2026, on the abovementioned subject
wherein Tata Steel Limited (‘Company’) had announced the execution of Share Purchase
Agreement (‘SPA’) for sale of 100% shareholding in Jamshedpur Football and Sporting Private
Limited (‘JFSPL’) to Churchill Brothers Sports Club Private Limited (‘Churchill’), subject to
satisfaction of certain conditions precedent, including receipt of necessary approvals from the
All-India Football Federation.
This is to inform you that, the Company has today i.e. on August 31, 2026 completed the
above transaction in accordance with the terms and conditions of the SPA. Accordingly, JFSPL
has ceased to be a subsidiary of the Company.
At the same time, Tata Steel remains firmly committed to its long legacy of developing
grassroot sports, expanding access to sports and strengthening India’s sporting ecosystem. It
will invest further in enhancing our sporting infrastructure at the Tata Football Academy, 150
of whose cadets have represented the national team over the years. The Company will also
further modernise and build capability of our youth system, including Tata Steel Foundation’s
football training centres which have produced the majority of the players in Jharkhand’s U-14
and U-16 boys’ teams. Tata Steel’s legacy in sports goes well beyond football and is spread
across 19 disciplines. The Company runs 4 additional world-class sporting academies focused
on archery, hockey, sport climbing, and rowing. The Tata Archery Academy, India’s premier
archery institution counts 8 Olympians among its alumni. The Naval Tata Hockey Academy
provides elite coaching and high-performance training, nutrition and mental conditioning
across 3 regional development and 32 grassroots centres. Tata Steel Chess India, a rapid and
blitz tournament held in Kolkata, is the only such tournament in Asia, and is part of the Grand
Chess Tour, attracting World Champions.
This disclosure is being made by the Company in compliance with Regulations 30 and 51 of
the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.
This is for your information and records.
Thanking you.
Yours faithfully,
Tata Steel Limited
Parvatheesam Kanchinadham
Company Secretary and Chief Legal Officer