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What is the story about?
Tata Steel Limited
has acquired equity shares worth $172 million (₹1,625.29 crore) in T Steel Holdings Pte. Ltd, its wholly owned foreign subsidiary based in Singapore, as part of a broader multi-billion dollar investment programme approved earlier this year.
The company acquired 1,99,07,40,741 equity shares of face value $0.0864 each in T Steel Holdings Pte. Ltd (TSHP) on June 24, 2026. Post the acquisition, TSHP will continue to be a wholly owned subsidiary of Tata Steel.
The transaction is part of a larger capital infusion plan approved by Tata Steel's board at its meeting on March 17, 2026, which sanctioned additional funds of up to $2 billion (~₹18,488.10 crore), raising the aggregate investment limit in TSHP to $26.21 billion. The funds are being deployed in one or more tranches by way of subscription to equity shares of TSHP.
The company had made its previous disclosure in relation to this investment on March 24, 2026.
The USD to INR conversion for the current tranche has been calculated at ₹94.4938, as published by the Reserve Bank of India on June 22, 2026.
Shares of Tata Steel closed at ₹190.15 on the NSE on June 24, 2026, down ₹3.41 or 1.76% for the day.
The company acquired 1,99,07,40,741 equity shares of face value $0.0864 each in T Steel Holdings Pte. Ltd (TSHP) on June 24, 2026. Post the acquisition, TSHP will continue to be a wholly owned subsidiary of Tata Steel.
The transaction is part of a larger capital infusion plan approved by Tata Steel's board at its meeting on March 17, 2026, which sanctioned additional funds of up to $2 billion (~₹18,488.10 crore), raising the aggregate investment limit in TSHP to $26.21 billion. The funds are being deployed in one or more tranches by way of subscription to equity shares of TSHP.
The company had made its previous disclosure in relation to this investment on March 24, 2026.
The USD to INR conversion for the current tranche has been calculated at ₹94.4938, as published by the Reserve Bank of India on June 22, 2026.
Shares of Tata Steel closed at ₹190.15 on the NSE on June 24, 2026, down ₹3.41 or 1.76% for the day.
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