The Competition Commission of India (CCI) has approved Tata Steel’s proposal to acquire sole control of Tata BlueScope Steel by purchasing the remaining 50 per cent equity stake held by BlueScope Steel Asia Holdings.

With this clearance, Tata Steel will convert the existing joint venture into a wholly owned subsidiary. The proposed combination involves Tata Steel acquiring the entire shareholding currently owned by BlueScope Steel Asia Holdings, thereby ending the 50:50 joint venture structure between the two groups.

Tata Steel, the acquirer, is a publicly listed company engaged in the manufacture and sale of steel and steel-related products. Its operations cater to a wide range of sectors including agriculture, automotive, construction, energy and infrastructure. The company also has upstream operations spanning iron ore mining, production of iron ore pellets, sponge iron and crude steel, giving it an integrated presence across the steel value chain.

Tata BlueScope Steel, the target entity, was established as a joint venture between Tata Steel and BlueScope Steel of Australia. BlueScope participated through its wholly owned subsidiary, BlueScope Steel Asia Holdings Pty, while Tata Steel’s interest was held through its wholly owned arm, Tata Steel Downstream Products.

The target operates primarily in the coated steel segment, offering surface-coated steel products and related solutions. Its product portfolio includes metallic-coated or galvanised steel products, as well as pre-painted and colour-coated steel products supplied both as coils and finished products. These offerings are widely used in applications such as roofing, walling and cladding across industrial, commercial and residential projects.

The CCI noted that the proposed acquisition does not raise competition concerns in the relevant markets. A detailed order outlining the Commission’s assessment and reasoning is expected to be issued separately.