Tata Steel to sell Jamshedpur Football and Sporting to Churchill club for Rs 100

Panaji: (Aug 14) Tata Steel on Friday said the company will sell its entire stake in Jamshedpur Football and Sporting Private Limited to Goa based Churchill Brothers Sports Club for a nominal amount of Rs 100.

Jamshedpur Football and Sporting Private Limited (JFSPL) is a wholly-owned subsidiary of the steel major.

In a filing, Tata Steel said its Committee of Directors — set up by the company’s board — has approved the transfer of the entire 100 per cent equity stake comprising 4.08 crore equity shares of face value Rs 10/- each held by Tata Steel Limited in JFSPL to Churchill Brothers Sports Club Private Limited (Churchill) at a nominal consideration of Rs 100.