Tata Steel invests $1.24b in T Steel Holdings

** Tata Steel (BSE: TATASTEEL) today announced it has acquired 788,53,50,318 ordinary equity shares in its wholly-owned subsidiary, T Steel Holdings Pte. Ltd. (TSHP), for $1.238 billion. The shares, with a face value of USD 0.157 each, underscore Tata Steel's commitment to its international operations routed through TSHP. The funds will be utilized towards repayment of external debt in Tata Steel's offshore subsidiaries and to support the restructuring in Tata Steel UK Limited. In related news, Tata Steel is presenting today at the IIFL Enterprising India Global Investors' Conference, highlighting its strategic initiatives and commitment to sustainable value creation. These initiatives include reducing emissions, transitioning to greener steelmaking, expanding operations in India, and embracing digital technologies. Additionally, the company has made a commitment to reach 20% diversity for the first time in India. These announcements highlight Tata Steel's focus on strategic investments, operational efficiency, and sustainability in its global operations.