Tata Steel has acquired 124,62,68,657 equity shares of face value $0.1005 each aggregating to $125.25 million (around Rs 1,073.63 crore) in T Steel Holdings Pte (TSHP). Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the company.
Earlier, the company had acquired 179,10,44,776 equity shares of face value $0.1005 each aggregating to $180 million (Rs 1,562.54 crore) in TSHP.
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.
