Tata Steel acquires stake in T Steel Holdings

Tata Steel Limited (TATASTEEL.NS) announced today that it has acquired a significant stake in T Steel Holdings Pte. Ltd. (TSHP). The acquisition, completed on February 20, 2025, involves 191,08,28,025 ordinary equity shares, each with a face value of USD 0.157. The total value of the transaction amounts to USD 300 million, equivalent to ₹2,603.16 crore based on an exchange rate of ₹86.7721 per USD. Following this acquisition, TSHP will continue as a wholly owned subsidiary of Tata Steel. The disclosure complies with Regulation 30 and other relevant regulations under the Securities and Exchange Board of India's guidelines.