Tata Steel Limited announced the acquisition of an additional 261,90,47,620 equity shares in its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP). This transaction, valued at USD 264 million (approximately ₹2,401.50 crore), was completed on February 26, 2026. Post-acquisition, TSHP remains a fully owned subsidiary. The company references prior disclosures regarding phased funding infusions into TSHP.
Acquisition of Further Equity in TSHP
Tata Steel Limited has informed the stock exchanges regarding a further strategic investment made in its overseas subsidiary, T Steel Holdings Pte. Ltd (‘TSHP’). This latest transaction follows several previous disclosures concerning infusions of funds into TSHP throughout 2025 and early 2026.
Transaction Details
On February 26, 2026, the Company completed the acquisition of 261,90,47,620 equity shares in TSHP. Each share had a face value of USD 0.1008.
- Total Investment Value: USD 264 million.
- INR Equivalent: This equates to approximately ₹2,401.50 crore based on the Reserve Bank of India exchange rate of ₹90.9661 per USD on February 24, 2026.
The announcement confirms that upon completion of this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of Tata Steel Limited.
Compliance and Confirmation
The disclosure is being made to comply with the disclosure requirements mandated by the relevant securities regulations. The document was formally signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer.
Source: BSE
