# Tata Steel to acquire 23% stake in TM International Logistics from IQ Martrade

The Competition Commission of India approved Tata Steel's acquisition of a 23% equity stake in TM International Logistics Limited from IQ Martrade. The deal will increase Tata Steel's holding to 74%, with NYK Europe retaining 26%.

- Type: Acquisition
- Announced: 2026-08-18
- Where: India
- Status: announced
- Products: steel, logistics services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tata Steel](https://endata.com/companies/3546.md) (acquirer)
- [TM International Logistics](https://endata.com/companies/93608.md) (target)
- [IQ Martrade Holding Und Management GmbH](https://endata.com/companies/93609.md) (partner)
- [NYK (Europe) B.V](https://endata.com/companies/93610.md) (partner)

## Sources

- [livelawbiz.com](https://www.livelawbiz.com/competition-law/cci/competition-commission-of-india-clears-tata-steel-acquisition-23-percent-equity-stake-tm-international-logistics-546308), 2026-08-18: "The Competition Commission of India has approved Tata Steel Limited's proposal to acquire a 23% equity stake in TM International Logistics Limited (TMILL) from its existing joint venture partner, IQ Martrade Holding Und Management GmbH (IQ Martrade)."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-gets-cci-nod-to-acquire-additional-23-stake-in-tm-international-logistics/articleshow/133323860.cms), 2026-08-18: "The proposed combination pertains to the acquisition by Tata Steel Ltd of the entire shareholding comprising 23 per cent equity shares held by one of the existing joint venture partners, ie, IQ Martrade Holding Und Management GmbH in TM International Logistics Ltd, and the consequent exit of IQ Mart"
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/cci-approves-tata-steels-proposal-to-acquire-additional-23-stake-in-tmill/article71361900.ece), 2026-08-18: "CCI approves acquisition of 23 per cent equity shareholding of TM International Logistics Ltd by Tata Steel Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.