Tata Steel announced that the company has acquired 124,62,68,657 equity shares of its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP), at a face value of $0.1005 each. The total investment, it added, aggregated to $125.25 million (Rs 1,073.63 crore).
In a regulatory filing, Tata Steel said, “In this connection, we wish to inform you that, the Company has today i.e., on July 10, 2025, acquired 124,62,68,657 equity shares of face value USD 0.1005 each aggregating to USD 125.25 million (Rs 1,073.63 crore) in TSHP. Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.”
This comes after Tata Steel had acquired a stake worth Rs 10,727 crore in T Steel Holdings in February. Before that, in August 2024, the steelmaker had acquired a stake worth Rs 2,348 crore in its Singapore unit.
The acquisition is part of the broader plan approved by the board of Tata Steel in May 2025 to infuse up to $2.5 billion into T Steel Holdings Pte during FY2025–26 through one or more tranches. Once the transaction is completed, TSHP will remain a wholly owned subsidiary of Tata Steel.
In February 2025, Tata Steel announced that it had acquired 78.85 million ordinary equity shares worth $1.24 billion (approximately Rs 10,727 crore) from its fully owned subsidiary, T Steel Holdings Pte Ltd (TSHP). The investment, made in February, is intended to help repay external debt across Tata Steel’s offshore subsidiaries and aid in the restructuring of Tata Steel UK Ltd. TSHP serves as Tata Steel’s holding entity for its overseas businesses.
In May, TV Narendran, managing director and chief executive, Tata Steel, during an earnings call, had said that the company’s capital allocation in FY26 is expected to remain flat annually at Rs 15,000 crore. In FY25, the steelmaker had spent Rs 15, 671 crore on capital expenditure.
Around 75 per cent of the allocation will go towards Tata Steel’s India projects and the rest towards its UK and Netherlands operations.
“Capex for the year is largely focused on raw materials on the Kalinganagar (phased expansion) completion. It also includes the Ludhiana plant, which is 0.8 million tonne, but we hope to push it to one million tonne. There are also some downstream expansions,” TV Narendran had said.