Tata Steel Limited on Wednesday said that it has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for a total consideration of approximately Rs 1,562.54 crore or $180 million.
The shares acquired have a face value of USD 0.1005 each. After the latest infusion, TSHP will remain a wholly owned subsidiary of Tata Steel, the company said in an exchange filing.
The acquisition is part of Tata Steel's previously disclosed plan to infuse up to $2.5 billion into TSHP during the financial year 2025-26.
The board of Tata Steel had approved this capital infusion through equity subscription in multiple tranches, according to the company’s earlier disclosure on May 12, 2025.
The shares acquired have a face value of USD 0.1005 each. After the latest infusion, TSHP will remain a wholly owned subsidiary of Tata Steel, the company said in an exchange filing.
The acquisition is part of Tata Steel's previously disclosed plan to infuse up to $2.5 billion into TSHP during the financial year 2025-26.
The board of Tata Steel had approved this capital infusion through equity subscription in multiple tranches, according to the company’s earlier disclosure on May 12, 2025.
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