MoneyWorks4Me

Tata Steel's arm to divest its entire equity stake held in NSH, TSTH

28 Jan 2019 Evaluate

Tata Steel's step-down subsidiary--T S Global Holdings (TSGH) has executed definitive agreements to divest its entire equity stake held in NatSteel Holdings (NSH) (100%) and Tata Steel (Thailand) Public Company (TSTH) (67.9%) to a company in which 70% equity shares will be held by an entity controlled by HBIS Group Co., (HBIS) and the balance 30% will be held by TSGH. TSGH is a wholly owned subsidiary (WOS) of T. Steel Holdings Pte. which in turn is a WOS of Tata Steel.

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.


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