Tata Steel Acquires $180 Million Stake in Subsidiary T Steel Holdings Pte. Ltd.
Tata Steel Limited announced today, March 24, 2026, the acquisition of an additional equity stake in its wholly-owned foreign subsidiary, T Steel Holdings Pte. Ltd. (TSHP). The company acquired 17,857,14,286 equity shares, each with a face value of USD 0.1008, representing a total investment of USD 180 million (approximately ₹1,680.27 crore).Following this acquisition, TSHP will remain a wholly-owned subsidiary of Tata Steel. The transaction builds upon previous disclosures regarding the company's fund infusion into TSHP, spanning from May 12, 2025, to February 26, 2026.
The USD to INR exchange rate used for the conversion was ₹93.3483, as published by the Reserve Bank of India on March 20, 2026.
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