Tata Steel Acquires Equity Shares Worth ₹2,603 Crore in T Steel Holdings

Tata Steel, one of India’s leading steel manufacturers, has reinforced its international presence through a significant ₹2,603 crore acquisition of its Singapore-based subsidiary, TSHP. This move not only solidifies its foothold in the Singapore market but also aligns with its broader strategy of global growth. 

Acquisition Details

Tata Steel Limited has acquired 19,10,82,80,25 equity shares of T Steel Holdings Pte. Ltd. (TSHP) at a face value of USD 0.157 per share. The total investment amounts to $300 million (approximately ₹2,603.16 crore). As a result, TSHP will remain a fully owned subsidiary of Tata Steel.

Exchange Rate Reference

For currency conversion, Tata Steel has used the exchange rate of ₹86.7721 per USD, as published by the Reserve Bank of India (RBI) on February 17, 2025. 

Strengthening Global Presence 

TSHP is the Singapore-based subsidiary of Tata Steel, a leading Indian steel company. In this strategic move, Tata Steel acquired over 191 crore equity shares of TSHP for $300 million. This acquisition enhances Tata Steel’s global presence and reinforces its position in the Singapore market.

About the company 

Tata Steel, founded in 1907 by Jamsetji Tata, is a global steel producer operating in India, the UK, the Netherlands, Thailand and Canada. It manufactures and distributes steel products including hot-rolled, cold-rolled and galvanized steel. Recognized for excellence, it has received the World Economic Forum’s Global Lighthouse recognition and the Prime Minister’s Trophy for top performance.

Share Performance 

As of February 21, 2025, at 11:45 AM, with a market capitalisation of ₹1.74 trillion, the shares of Tata Steel Ltd are trading at ₹139.98 per share, reflecting a surge of 1.41% from the previous day’s closing price. Over the past month, the stock has registered a profit of 7.93%. The stock’s 52-week high stands at ₹184.60 per share, while its 52-week low is ₹122.62 per share.

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