Acquisitions24 Mar 2026, 05:34 pm
Tata Steel Ltd Acquires USD 180 Million Stake in T Steel Holdings Pte. Ltd
AI Summary
Tata Steel Ltd has acquired 178,57,14,286 equity shares of T Steel Holdings Pte. Ltd (TSHP) for approximately ₹1,680.27 crore. This acquisition increases the Company's stake in TSHP, a wholly owned foreign subsidiary, to USD 180 million. This disclosure is in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Key Highlights
- Tata Steel Ltd acquires 178,57,14,286 equity shares in T Steel Holdings Pte. Ltd.
- The acquisition is for approximately ₹1,680.27 crore, or USD 180 million.
- T Steel Holdings Pte. Ltd remains a wholly owned foreign subsidiary of Tata Steel Ltd.
- This disclosure is in compliance with Securities and Exchange Board of India regulations.
- The acquisition is a significant step in Tata Steel Ltd's strategic growth plan.