<p>Indian steel giant Tata Steel’s indirect wholly owned subsidiary Tata Steel Advanced Materials has executed a share purchase cum shareholders' agreement for acquisition of 90% equity stake in Ceramat Private Limited. Ceramat Private Limited was incorporated on 2 November 2021, for the purpose of advanced ceramics with health care focus. Ceramat Private Limited is jointly promoted by Mr Sabyasachi Roy & Mr Tushar Gothi and has not commenced operations. Mr Roy is a ceramic technologist & an entrepreneur and Mr Gothi has been associated with ceramic business for 16 years and are amongst the very few with such proven Bio-Ceramics capability.</p><p>Tata Steel Limited has identified Advanced Ceramics as one of the new materials for strategic growth. Within Advanced Ceramics, the first sector of choice is in medical materials owing to high growth potential and non-cyclical nature. Tata Steel Limited aspires to setup a world class facility to produce medical materials and use Ceramat Private Limited as a special purpose vehicle for this purpose. The facility shall focus on producing Hydroxyapatite, a calcium phosphate-based ceramic used as bone replacement.</p>
<p>Indian steel giant Tata Steel’s indirect wholly owned subsidiary Tata Steel Advanced Materials has executed a share purchase cum shareholders' agreement for acquisition of 90% equity stake in Ceramat Private Limited. Ceramat Private Limited was incorporated on 2 November 2021, for the purpose of advanced ceramics with health care focus. Ceramat Private Limited is jointly promoted by Mr Sabyasachi Roy & Mr Tushar Gothi and has not commenced operations. Mr Roy is a ceramic technologist & an entrepreneur and Mr Gothi has been associated with ceramic business for 16 years and are amongst the very few with such proven Bio-Ceramics capability.</p><p>Tata Steel Limited has identified Advanced Ceramics as one of the new materials for strategic growth. Within Advanced Ceramics, the first sector of choice is in medical materials owing to high growth potential and non-cyclical nature. Tata Steel Limited aspires to setup a world class facility to produce medical materials and use Ceramat Private Limited as a special purpose vehicle for this purpose. The facility shall focus on producing Hydroxyapatite, a calcium phosphate-based ceramic used as bone replacement.</p>
