🏏 Tata Steel Divests 100% Stake in Jamshedpur Football
Published by OOPSONLINE.IN · Source: scanx.trade · 1 min read · · Updated
What actually happened
Tata Steel Limited divested its 100% stake in Jamshedpur Football and Sporting Private Limited to Churchill Brothers Sports Club for ₹100. The deal transfers the ISL licence and staff contracts, removing a subsidiary with ₹32.23 crore turnover and ₹5.8 crore net worth deficit from Tata Steel's books.
Key points
- Tata Steel Limited divested its 100% stake in Jamshedpur Football and Sporting Private Limited to Churchill Brothers Sports Club for ₹100.
- The deal transfers the ISL licence and staff contracts, removing a subsidiary with ₹32.
- 23 crore turnover and ₹5.
- 8 crore net worth deficit from Tata Steel's books.
Summary based on data provided by scanx.trade. Full article available at the original publisher.
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