NCLT Approves Tata Steel’s Amalgamation With Rujuvalika Investments, Scheme Effective From April 1, 2023
Mumbai, October 2, 2026: The National Company Law Tribunal (NCLT) has sanctioned the scheme of amalgamation between Tata Steel Ltd and its wholly owned subsidiary, Rujuvalika Investments Ltd, observing that the scheme appears to be “fair and reasonable” and is not in violation of any law or contrary to public interest or policy. The order, passed on October 1, 2026, maintains that the scheme is…
On October 1, 2026, the National Company Law Tribunal (NCLT) approved Tata Steel Ltd's amalgamation with its wholly-owned subsidiary, Rujuvalika Investments Ltd. The NCLT deemed the proposed scheme "fair and reasonable" and not against public interest or policy. The amalgamation is effective from April 1, 2023. No objections were filed against the scheme.
Once the amalgamation takes effect, all shares of Rujuvalika Investments held by Tata Steel, either directly or through nominees, will be cancelled. The authorized share capital of Rujuvalika Investments will be merged with Tata Steel's authorized share capital, resulting in an increase for Tata Steel. The amalgamation aims to simplify the Tata Steel group's corporate structure, reduce legal entities and regulatory compliances, and result in cost savings.
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