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LONDON - Tata Steel (NSE:TISC) Limited has acquired 1.25 billion equity shares in T Steel Holdings Pte. Ltd (TSHP) for $125.25 million (₹1,073.63 crore), according to a company statement released Thursday.
The transaction involved shares with a face value of $0.1005 each, as disclosed in a regulatory filing to the London Stock Exchange (LON:LSEG). Following the acquisition, TSHP remains a wholly owned foreign subsidiary of Tata Steel.
This acquisition follows earlier disclosures made by the company on May 12 and June 25, 2025, regarding plans to infuse funds into TSHP through subscription to equity shares.
The company stated that the disclosure was made in compliance with Indian regulatory requirements, specifically Regulation 30 and 51 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements.
For currency conversion purposes, Tata Steel used the USD to INR exchange rate of ₹85.7188 as published by the Reserve Bank of India (NSE:BOI) on July 8, 2025.
The announcement was made through the Regulatory News Service (RNS) of the London Stock Exchange.
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