Acquisitions20 Feb 2025, 10:49 pm
TATA STEEL LTD. Acquires USD 300 Million Equity Stake in T Steel Holdings Pte. Ltd
AI Summary
TATA STEEL LTD. has acquired 191,08,28,025 ordinary equity shares of T Steel Holdings Pte. Ltd (TSHP) for USD 300 million, which is approximately 22,603.16 crore. This acquisition was made on February 20, 2025, and it has resulted in TSHP becoming a wholly owned subsidiary of the Company. This disclosure is in compliance with various regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- TATA STEEL LTD. has acquired a significant equity stake in T Steel Holdings Pte. Ltd.
- The acquisition is for USD 300 million, approximately 22,603.16 crore.
- T Steel Holdings Pte. Ltd. is now a wholly owned subsidiary of the Company.
- The acquisition was made on February 20, 2025.
- The disclosure is in compliance with various regulations of the Securities and Exchange Board of India.