Tata Steel increases stake in Indian Foundation for Quality Management

Tata Steel (BSE: 500470) announced today that it has acquired 12,490,000 equity shares, each with a face value of INR10, in the Indian Foundation for Quality Management (IFQM) for a total of INR12.49 crore. This acquisition, effective April 1, 2025, increases Tata Steel's aggregate shareholding in IFQM from 9.09% to 16.66%. The Indian Foundation for Quality Management (IFQM) is a Section 8 company focused on promoting quality values and practices across various sectors in India. Tata Steel emphasized that the transaction was conducted at arm's length and in the ordinary course of business.