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Tata Steel increases stake in Medica TS Hospital

10 Jan 2022 Evaluate

Tata Steel has increased stake in Medica TS Hospital (MTSHPL) (a joint venture company) from 26% to 51% on January 7, 2022, upon conversion of: 5,102 Optionally Convertible Debentures (OCD) of Rs 1,000 each, fully paid-up, held in MTSHPL into 5,10,200 equity shares of face value Rs 10 each, fully paid-up, ranking pari passu with the existing equity shares of MTSHPL; and 4,92,298 OCDs of Rs. 1,000 each, fully paid-up, held in MTSHPL into 4,92,29,800  0.01% Optionally Convertible Redeemable Preference Shares (OCRPS) of face value Rs. 10 each, fully paid-up of MTSHPL.

MTSHPL is a joint venture company between Tata Steel and Medica Hospitals. The company is operating and managing its 100 bed multi-specialty hospital established in Kalinganagar, Odisha to provide health care facility to the general public.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

Tata Steel Share Price

214.45 -2.60 (-1.20%)
08-May-2026 16:59 View Price Chart
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