Tata Steel has acquired 115,92,35,669 ordinary equity shares of face value $0.157 each aggregating to around $182 million (Rs 1,528.24 crore) in T Steel Holdings (TSHP) on August 14, 2024. Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the Company.
Earlier, the company had acquired 557,32,48,408 equity shares of face value $0.157 each aggregating to $875 million (Rs 7,324.41 crore) in T Steel Holdings, a wholly owned foreign subsidiary of the Company.
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.
