TSl acquired 1,55,34,738 equity shares worth Rs 10 each, for a total of about Rs 19.90 crore (here in after referred to as the "Transaction" ), at an issue price of Rs 12.81 per share (including a premium of Rs 2.81 per share), of Tata Steel Advanced Materials (TSAML), a wholly-owned subsidiary of the Company. TSL will own a 75.94% stake in TSAML following the completion of the aforementioned deal, with Tata Steel Downstream Products holding the remaining 24.06%. In contrast, TSL will retain 100% of TSAML both directly and indirectly because TSL serves as the holding company for TSDPL.