Tata Steel Acquires 116 Cr Shares in Singapore Arm for USD 182 Million
Tata Steel has acquired 116 crore equity shares in its Singapore-based arm, T Steel Holdings Pte Ltd, for USD 182 million, making it a wholly-owned subsidiary.
New Delhi, Aug 14 (PTI) Tata Steel on Wednesday said it has acquired about 116 crore equity shares in its Singapore-based arm for USD 182 million.
"Tata Steel acquired 1,15,92,35,669 ordinary equity shares of face value USD 0.157 each aggregating to USD 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.
"Tata Steel acquired 1,15,92,35,669 ordinary equity shares of face value USD 0.157 each aggregating to USD 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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.03 ( -1.82)
- 52763722
- Srestha Finvest
- 0.52 ( -1.89)
- 11927793
- YES Bank Ltd.
- 17.10 (+ 0.41)
- 5774320
- Reliance Power L
- 40.45 (+ 8.65)
- 5670760
- G G Engineering
- 0.90 ( -3.23)
- 5425215
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback