TATA Steel Sells 100% Stake in Jamshedpur FC to Churchill Brothers Tata Steel has sold its entire stake in Jamshedpur Football and Sporting Private Limited (JFSPL), which owns Indian Super League club Jamshedpur FC, to Goa's Churchill Brothers Sports Club Private Limited for a nominal consideration of Rs 100.
The transaction, approved by Tata Steel's Committee of Directors on Friday, involves the transfer of all 4. 08 crore equity shares held by the steel major in its wholly owned football subsidiary.
The sale marks the end of an era for Jamshedpur FC, which has been a prominent part of Tata Steel's sporting ecosystem in Jharkhand since its inception.