Acquisitions31 Jul 2025, 06:22 pm
Tata Steel Ltd Acquires 40% Stake in TSN Wires Company Limited for a Nominal Consideration of THB 100
AI Summary
Tata Steel Ltd, through its indirect wholly owned foreign subsidiary, The Siam Industrial Wire Company Limited (SIW), has executed a Share Purchase Agreement with Nichia Steel Works Ltd for the acquisition of the 40% equity stake held by Nichia in TSN Wires Company Limited. The acquisition, which is for a nominal consideration of THB 100, will result in TSN Wires becoming a wholly owned subsidiary of SIW. This move is expected to enhance synergies and improve efficiency in management. TSN Wires, a Thailand based downstream steel wires company, was incorporated on April 11, 2012, and operates in the steel industry. It sells its products in the domestic market of Thailand and certain export markets.
Key Highlights
- Tata Steel Ltd acquires 40% stake in TSN Wires Company Limited through its indirect wholly owned foreign subsidiary, SIW.
- The acquisition is for a nominal consideration of THB 100, approximately ¥270.
- TSN Wires will become a wholly owned subsidiary of SIW post-acquisition.
- This move is expected to enhance synergies and improve efficiency in management.
- TSN Wires is a Thailand based downstream steel wires company, established in 2012, operating in the steel industry.