SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel acquires additional stake in TSUISL

02 Feb 2023 Evaluate

Tata Steel has acquired 26,97,674 equity shares of Rs 10 each at a premium of Rs 205 per share, of Tata Steel Utilities and Infrastructure Services (TSUISL), a wholly-owned subsidiary of the Company, on Rights basis, for an amount aggregating to Rs 58 crore (hereinafter referred to as the ‘Transaction’). Upon completion of the Transaction, TSUISL continues to be a wholly-owned subsidiary of the Company. These funds shall be utilized by TSUISL to invest in its step-down subsidiary, Tata Steel Special Economic Zone (TSSEZ) to assist TSSEZ in partial repayment of its existing loans.

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.

Tata Steel Share Price

210.00 -0.95 (-0.45%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 210.00
JSW Steel 1255.20
SAIL 178.55
Jindal Stainless 766.85
APL Apollo Tubes 2004.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×