Acquisitions19 Dec 2025, 06:01 pm
Tata Steel Acquires 148.8 Crore Equity Shares in T Steel Holdings Pte. Ltd for USD 150 Million
AI Summary
Tata Steel Ltd has acquired 148,80,95,239 equity shares of T Steel Holdings Pte. Ltd (TSHP) for USD 150 million, which is approximately 1,354.94 crore INR. This acquisition makes TSHP a wholly owned foreign subsidiary of the company. This disclosure is made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Key Highlights
- Tata Steel acquires 148.8 crore equity shares in T Steel Holdings Pte. Ltd
- The acquisition is for a total consideration of USD 150 million (approximately 1,354.94 crore INR)
- T Steel Holdings Pte. Ltd becomes a wholly owned foreign subsidiary of Tata Steel
- This disclosure is made in compliance with the Securities and Exchange Board of India regulations
- The acquisition is a significant step in Tata Steel's strategic growth plan