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Tata Steel acquires about 1.16 bn equity shares in Singapore-based T Steel

Tata Steel acquired 1,15,92,35,669 ordinary equity shares of face value $ 0.157 each aggregating to $ 182 million

Tata Steel
Post this acquisition, TSHP will continue to be a wholly-owned subsidiary of the company. | Photo: Bloomberg
Press Trust of India New Delhi
1 min read Last Updated : Aug 14 2024 | 6:40 PM IST

Tata Steel on Wednesday said it has acquired about 1.16 billion equity shares in its Singapore-based arm for $ 182 million.

"Tata Steel acquired 1,15,92,35,669 ordinary equity shares of face value $ 0.157 each aggregating to $ 182 million (Rs 1,528.24 crore) in T Steel Holdings Pte Ltd (TSHP)," the company said in an exchange filing.

Post this acquisition, TSHP will continue to be a wholly-owned subsidiary of the company, it added.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Tata SteelSteel producersSteel Industry

First Published: Aug 14 2024 | 6:40 PM IST

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