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

TATA SteelAnnouncement

20/02/2025 12:30

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RNS Number : 9029X  Tata Steel Limited  20 February 2025

 

February 20, 2025

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 29, 2024, July 29, 2024, August
14, 2024 and August 28, 2024.

 

We wish to inform you that, Tata Steel Limited ('Company') has today i.e., on
February 20, 2025, acquired 191,08,28,025 ordinary equity shares of face value
USD 0.157 each aggregating to USD 300 million (₹2,603.16 crore*) in T Steel
Holdings Pte. Ltd ('TSHP'). Post this acquisition, TSHP will continue to be a
wholly owned subsidiary of the Company.

 

This disclosure is being made in compliance with Regulation 30 read with Para
A of Part A of Schedule III, Regulation 51 and other applicable provisions 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 ₹86.7721 as published by Reserve
Bank of India on February 17, 2025.

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