Tata Steel Ltd.

Tata Steel has acquired 191,08,28,025 ordinary equity shares of face value $0.157 each aggregating to $300 million (Rs 2,603.16 crore) in T Steel Holdings Pte. (TSHP). Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the company. 

Earlier, the company’s subsidiary -- Tata Steel UK had received approval form Neath Port Talbot Council’s planning committee for proposals to deliver state-of-the-art Electric Arc Furnace steelmaking in Port Talbot.

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.