Tata Steel Advanced Materials Limited has completed the divestment of its entire shareholding in Ceramat Private Limited to Lionstead Applied Materials Private Limited for ₹99.99 lakh. The transaction eliminates a peripheral subsidiary contributing only 0.001% of consolidated turnover & 0.014% of net worth. Ceramat generated ₹1.73 crore revenue in FY2024-25 but maintained ₹12.89 crore net worth. The divestment enables Tata Steel to focus on core steel operations while providing Ceramat access to specialized materials industry expertise under dedicated ownership.