Tata Steel acquires stake in T Steel Holdings
Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company
Tata Steel has acquired 261,90,47,620 equity shares of face value $0.1008 each aggregating to $264 million (Rs 2,401.50 crore) in T Steel Holdings (TSHP), a wholly owned foreign subsidiary of the company. Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
