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MUMBAI - Tata Steel Limited has acquired 4.57 billion equity shares in its wholly owned foreign subsidiary T Steel Holdings Pte. Ltd (TSHP) for $460 million (₹4,054.66 crore), according to a statement released Wednesday.
The transaction involved purchasing shares with a face value of $0.1005 each, as detailed in the company’s filing to the London Stock Exchange. Following the acquisition, TSHP remains a wholly owned foreign subsidiary of Tata Steel.
This acquisition represents the latest in a series of fund infusions by Tata Steel into TSHP, following previous disclosures made on May 12, June 25, July 10, and August 26, 2025.
The company stated that the disclosure was made in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements.
For the currency conversion, Tata Steel used the USD to INR exchange rate of ₹88.1447 as published by the Reserve Bank of India on September 22, 2025.
The announcement was made through the Regulatory News Service (RNS) of the London Stock Exchange, where Tata Steel is listed.
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