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Tata Steel Limited and Churchill have entered into a share purchase agreement.
Tata Steel’s ownership of Jamshedpur set to end. (PTI Photo)
Tata Steel on Friday announced that it will transfer its entire stake in Jamshedpur Football and Sporting Private Limited (JFSPL) to Churchill Brothers Sports Club Private Limited for a nominal consideration of Rs 100.
JFSPL, a wholly-owned subsidiary of Tata Steel, operates as the company’s football and sporting entity.
According to a regulatory filing, Tata Steel’s Committee of Directors, constituted by the company’s board, has approved the transfer of its 100 per cent equity holding in JFSPL. The stake comprises 4.08 crore equity shares with a face value of Rs 10 each and will be transferred to Churchill for Rs 100.
Following the committee’s approval, Tata Steel and Churchill have signed a share purchase agreement outlining the terms and conditions for the proposed transaction involving Tata Steel’s entire shareholding (100) in JFSPL.
Jamshedpur Football and Sporting Private Limited recorded a turnover of Rs 32.23 crore in FY26.
Key Questions Answered
Ask News18Tata Steel sold Jamshedpur FC for a nominal consideration of Rs 100 because its football subsidiary, Jamshedpur Football and Sporting Private Limited (JFSPL), had a negative net worth of Rs 5.8 crore as of March 31, 2026.
Ask News18About the Author
Feroz Khan has been covering sports for over 12 years now and is currently working with Network18 as Principal Correspondent. He embarked on his journey in 2011 and has since acquired vast experience …Read More
August 14, 2026, 15:00 IST
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