Tata Steel has acquired 620,78,37,302 equity shares of face value $0.1008 each aggregating to $625.75 million (Rs 5,754.67 crore) in T Steel Holdings (TSHP), a wholly owned foreign subsidiary of the Company. Post this acquisition, TSHP will continue to be 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 and a Fortune 500 company.
