Tata Steel acquires stake in T Steel Holdings Pte
Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company
Tata Steel has acquired 178,57,14,286 equity shares of face value $0.1008 each aggregating to $180 million (around Rs 1,680.27 crore) in T Steel Holdings Pte (TSHP). Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
