Tata Steel Limited has informed the Exchange about Acquisition
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Tata Steel has acquired approximately 179.10 crore equity shares of T Steel Holdings Pte. Ltd (TSHP), its wholly owned foreign subsidiary, for USD 180 million (₹1,562.54 crore). This is the first tranche of a previously approved USD 2.5 billion fund infusion plan into TSHP, which was cleared by the Board on May 12, 2025. Each share has a face value of USD 0.1005, and the exchange rate used was ₹86.8080 per USD. Post this acquisition, TSHP will continue to remain a wholly owned subsidiary of Tata Steel. The funds are being deployed during FY2025-26, likely to support TSHP's operations and debt servicing.
This is an internal capital infusion into Tata Steel's existing foreign subsidiary, so there is no direct change in ownership structure or EPS dilution. The deployment of USD 2.5 billion signals continued financial support for TSHP's business, which may be positive for long-term growth, though it represents a significant cash outflow from the parent company.