Search Tata Steel transfers stake in two joint ventures to a wholly owned subsidiary Move aimed to simplify the group corporate structure Tata Steel has transferred its stake in two joint ventures to a wholly owned subsidiary in an attempt to simplify the group corporate structure. Listed entity Tata Steel held 51 per cent in Jamshedpur Continuous Annealing and Processing Company Private Ltd (JCAPCPL) and 50 per cent in Tata BlueScope Steel Private Ltd (TBSPL). These shares are now transferred to the books of Tata Steel Downstream Products Ltd (TSDPL), a wholly owned subsidiary of Tata Steel. The transactions were carried out on a non-cash basis; TSDPL issued shares to Tata Steel as consideration for acquiring the stakes. While Nippon Steel of Japan is the other shareholder in JCAPCPL, BlueScope Steel of Australia is the partner in TBSPL.