Latest News | Tata Steel Picks 191 Cr Shares in Singapore Arm TSHP for USD 300 Million

New Delhi, Feb 20 (PTI) Tata Steel on Thursday said it has acquired over 191 core equity shares of T Steel Holdings Pte Ltd for USD 300 million (Rs 2,603.16 crore).

T Steel Holdings Pte.Ltd (TSHP) is the Singapore-based arm of home-grown steel giant Tata Steel.

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"Tata Steel has today i.e., on February 20, 2025, acquired 191,08,28,025 ordinary equity shares of face value USD 0.157 each aggregating to USD 300 million (Rs 2,603.16 crore) in T Steel Holdings Pte. Ltd (TSHP)," Tata Steel said in an exchange filing.

Post this acquisition, TSHP will continue to be a wholly-owned subsidiary of the company, it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)