Acquisition of equity stake in T Steel Holdings Pte. Ltd
Awaiting price reaction for this filing.
Tata Steel has acquired additional equity shares in its wholly-owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP), on June 25, 2025. The company bought 179,10,44,776 equity shares with a face value of USD 0.1005 each, totaling USD 180 million (approximately ₹1,562.54 crore). This is part of an earlier board-approved plan to infuse up to USD 2.5 billion into TSHP in one or more tranches during FY2025-26. After this transaction, TSHP continues to remain a wholly-owned subsidiary of Tata Steel. The exchange rate used was ₹86.8080 per USD as per RBI's June 23, 2025 reference rate.
This is an internal capital infusion into an existing wholly-owned foreign subsidiary, so it does not directly affect minority shareholders or Tata Steel's shareholding pattern. It signals continued financial commitment to overseas operations, likely supporting the company's international steel business.