Tata Steel Gets CCI Nod for Full Control of Tata BlueScope

• CCI approves Tata Steel's acquisition of the remaining 50% stake in Tata BlueScope Steel from BlueScope Steel Asia Holdings.
• Tata BlueScope Steel was previously a 50:50 joint venture between Tata Steel Downstream Products and BlueScope Steel Asia Holdings.
• The transaction grants Tata Steel sole control over Tata BlueScope, shifting from a joint control structure.
• This move is expected to strengthen Tata Steel's position in the value-added and downstream steel products segment.
• Tata BlueScope specializes in coated steel products like metallic-coated and pre-painted steel for construction applications.

Why It Matters: Tata Steel gains full ownership of Tata BlueScope, boosting its value-added steel portfolio.