Tata Steel acquires 557 crore equity shares in Singapore arm

New Delhi, July 29 Tata Steel on Monday said it has acquired over 557 crore equity shares in its Singapore-based arm for USD 875 million. In May, Tata Steel’s board had approved infusion of funds into T Steel Holdings Pte...

PTI

Updated At : 01:37 AM Jul 30, 2024 IST

New Delhi, July 29

Tata Steel on Monday said it has acquired over 557 crore equity shares in its Singapore-based arm for USD 875 million. In May, Tata Steel’s board had approved infusion of funds into T Steel Holdings Pte Ltd, by way of subscription to equity shares in one or more tranches, the company said in an exchange filing.

“…we wish to inform you that, the company has today acquired 557,32,48,408 equity shares of face value USD 0.157 each aggregating to USD 875 million (Rs 7,324.41 crore) in TSHP,” Tata Steel said.

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