Tata Steel Limited has acquired 1,99,07,40,741 equity shares of T Steel Holdings Pte. Ltd for a total consideration of USD 172 million (Rs 1,625.29 crore). The transaction was executed on June 24, 2026. TSHP, a wholly owned foreign subsidiary of Tata Steel, will remain a wholly owned subsidiary after this acquisition.
The Board of Directors at its meeting on March 17, 2026 had approved the infusion of additional funds up to USD 2 billion (Rs 18,488.10 crore) in TSHP. The board enhanced the aggregate investment limit to USD 26.21 billion. The infusion was authorised through subscription to equity shares of the subsidiary in one or more tranches.
Each acquired equity share carries a face value of USD 0.0864. The rupee equivalent of the transaction was computed at the USD-Rs reference rate of Rs 94.4938 published by the Reserve Bank of India on June 22, 2026.
This disclosure follows earlier intimations on the same subject, with the most recent update provided on March 24, 2026. The filing was made in compliance with Regulation 30 and 51 read with Schedule III of the SEBI Listing Regulations.
The acquisition of shares in TSHP is part of the capital deployment plan approved by the board in March 2026. Tata Steel has been infusing capital into TSHP to meet the funding needs of its overseas operations.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.