Acquisitions25 Jun 2025, 09:41 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.
Key Highlights
- Tata Steel acquires 179,10,44,776 equity shares of T Steel Holdings Pte. Ltd for USD 180 million
- This acquisition is part of the company's plan to infuse up to USD 2.5 billion in TSHP in the financial year 2025-26
- Post acquisition, TSHP remains a wholly owned subsidiary of Tata Steel