Tata Steel Ltd. has acquired a stake in its Singapore-based unit, T Steel Holdings Pte. Ltd., worth Rs 1,073.63 crore ($125.25 million).
The acquisition consisted of 124.6 crore shares with a face value of $0.1005 each, maintaining T Steel Holdings as a wholly-owned subsidiary of Tata Steel.
This recent stake acquisition follows Tata Steel's previous investments in T Steel Holdings, including a stake worth Rs 10,727 crore in February and Rs 2,348 crore in August 2024.
Tata Steel plans to infuse funds into its foreign subsidiary through equity share subscriptions and intends to acquire shares in one or more tranches during this financial year.