Tata Steel acquires 179 crore shares in Singapore subsidiary T Steel Holdings for Rs 1,562.54 cr
Synopsis
Tata Steel Limited has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for approximately Rs 1,562.54 crore. This acquisition, with shares valued at USD 0.1005 each, is part of Tata Steel's plan to infuse up to $2.5 billion into TSHP by financial year 2025-26, as approved by the board.
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