Archive · 19 Aug 2025
Tata Steel Divests Ceramat Unit to Lionstead for ₹99.99 Lakh
Imagine Tata Steel, a big company, had a small part called Ceramat.
Ceramat made some special materials.
Tata Steel decided to sell Ceramat to another company, Lionstead Applied Materials.
The deal included selling most of Ceramat's shares for about a million rupees.
The board of directors approved this, and it happened on August 18, 2025.
Ceramat's sales last year were about ₹1.73 crore, which was a very small part of what Tata Steel made.
The buyer is not related to Tata Steel's main owners, so it's a straightforward sale.
Tata Steel Advanced Materials (TSAML) sold its stake in Ceramat Private (CPL).
Lionstead Applied Materials, a subsidiary of Lionstead Ventures LLP, acquired CPL.
The sale involved 90% equity and 100% preference stake in CPL.
The transaction was completed on August 18, 2025, for ₹99.99 lakh.
CPL's turnover was ₹1.73 crore in FY2024-25, contributing a small percentage to Tata Steel's revenue.
- Who
- Tata Steel Advanced Materials sold to Lionstead Applied Materials.
- What
- Tata Steel Advanced Materials sold its stake in Ceramat Private.
- When
- The deal was completed on August 18, 2025.
- Where
- No specific location mentioned.
- Why
- The reason for the sale isn't explicitly stated.
- Seller
- Tata Steel Advanced Materials (TSAML)
- Buyer
- Lionstead Applied Materials
- Sale Price
- ₹99.99 lakh
- Buyer's Parent
- Lionstead Ventures LLP
- Ceramat's Turnover (FY2024-25)
- ₹1.73 crore
- CPL's Contribution to Tata Steel's Revenue
- 0.001%
- Closing Date
- August 18, 2025
