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

TATA SteelAnnouncement

24/03/2026 12:30

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RNS Number : 9374X  Tata Steel Limited  24 March 2026

 

 

  Ref.: SEC/2152/2025-26

March 24, 2026

London Stock Exchange

London

 

Dear Madam, Sirs,

 

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

 

This is further to our disclosures dated May 12, 2025, June 25, 2025, July 10,
2025, August 26, 2025, September 24, 2025, October 29, 2025, December 19,
2025, February 2, 2026 and February 26, 2026 regarding infusion of funds by
Tata Steel Limited ('Company') by way of subscription to equity shares of T
Steel Holdings Pte. Ltd ('TSHP'), a wholly owned foreign subsidiary of the
Company.

 

In this connection, we wish to inform you that, the Company has today i.e., on
March 24, 2026, acquired 178,57,14,286 equity shares of face value USD 0.1008
each aggregating to USD 180 million (~₹1,680.27 crore*) in TSHP. Post this
acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the
Company.

 

This disclosure is being made in compliance with Regulation 30 and 51 read
with 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 ₹93.3483 as published by Reserve
Bank of India on

March 20, 2026.

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