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Tata Steel completes full acquisition of Medica TS Hospital for ₹1.49 crore

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Tata Steel completes full acquisition of Medica TS Hospital for ₹1.49 crore

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Tata Steel completes full acquisition of Medica TS Hospital for ₹1.49 crore
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DBT Bureau

Pune, 31 March 2026

Tata Steel Limited said in an exchange filing that it has completed the acquisition of the remaining stake in Medica TS Hospital Private Limited, making it a wholly owned subsidiary, from Manipal Hospitals Eastern India Private Limited (formerly known as Medica Hospitals Private Limited).

The company acquired a 49% equity stake comprising 7.4 lakh shares and 31.85% of preference shares (OCRPS) from Manipal Hospitals Eastern India Private Limited for a total consideration of ₹1.49 crore.

Following the transaction, Tata Steel now holds 100% equity and preference shareholding in Medica TS Hospital, strengthening its presence in the healthcare segment. The acquisition was executed under a Share Purchase Agreement signed on March 17, 2026

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