Acquisitions25 Jun 2025, 10:07 pm
Tata Steel Acquires USD 180 Million Stake in T Steel Holdings Pte. Ltd
AI Summary
Tata Steel Ltd has acquired 179,10,44,776 equity shares of T Steel Holdings Pte. Ltd (TSHP) for USD 180 million (approx. INR 1,562.54 crore). This acquisition is part of the company's earlier announced plan to infuse up to USD 2.5 billion in TSHP in one or more tranches during the financial year 2025-26. Post this acquisition, TSHP will continue to be a wholly owned subsidiary of Tata Steel. This disclosure is made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Tata Steel has acquired a 1.562.54% stake in T Steel Holdings Pte. Ltd for INR 1,562.54 crore.
- This acquisition is part of Tata Steel's plan to infuse up to USD 2.5 billion in TSHP during the financial year 2025-26.
- Post acquisition, TSHP will remain a wholly owned subsidiary of Tata Steel.
- This disclosure is made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.