Target Entity: T Steel Holdings Pte. Ltd (TSHP)
Type of Deal: Acquisition of additional equity stake in wholly-owned foreign subsidiary
Stake/Capacity: 162,03,70,371 equity shares of face value USD 0.0864 each
Post-acquisition, TSHP continues to be a wholly owned subsidiary of Tata Steel Limited
Deal Value: USD 140 million (₹1,340.16 crore)
- USD to INR exchange rate: ₹95.7258 (RBI published rate on August 24, 2026)
Funding Source: Part of previously approved capital infusion plan
Strategic Rationale:
This investment is part of the Board-approved plan to infuse additional funds up to USD 2 Billion (~₹18,488.10 crore) into TSHP, enhancing the aggregate investment limit up to USD 26.21 Billion