REG - Tata Steel Limited - Acquisition of equity stake in TSHPL

TATA SteelAnnouncement

26/06/2025 07:00

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RNS Number : 4524O  Tata Steel Limited  25 June 2025

 

 

June 25, 2025

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub:  Acquisition of equity stake in T Steel Holdings Pte. Ltd

 

This is further to our disclosure dated May 12, 2025, informing that the Board
of Directors of Tata Steel Limited ('Company') have inter alia approved
infusion of funds up to USD 2.5 Billion, by way of subscription to equity
shares of T Steel Holdings Pte. Ltd ('TSHP'), a wholly owned foreign
subsidiary of the Company, in one or more tranches, during FY2025-26.

 

In this connection, we wish to inform you that, the Company has today i.e., on
June 25, 2025, acquired 179,10,44,776 equity shares of face value USD 0.1005
each aggregating to

USD 180 million (₹1,562.54 crore*) in TSHP. Post this acquisition, TSHP will
continue to be a wholly owned subsidiary of the Company.

 

This disclosure is being made in compliance with Regulation 30 and 51 read
with Para A of Part A of Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended.

 

 

 

 

*USD to INR exchange rate has been taken as ₹86.8080 as published by Reserve
Bank of India on

June 23, 2025.

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