Tata Steel on August 26 announced that it has acquired shares worth Rs 3,100 crore in its wholly owned foreign subsidiary T Steel Holdings, which is based in Singapore.
Tata Steel said that it acquired more than 353 crore shares of the subsidiary, as part of its plan to infuse funds into the unit through subscription of equity shares. "Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company," it added.
"In this connection, we wish to inform you that, the Company has today i.e., on August 26, 2025, acquired 353,23,38,309 equity shares of face value USD 0.1005 each aggregating to USD 355 million (Rs 3,104.03 crore) in TSHP," the company said in its exchange filing.
The announcement was made in the post market hours of August 26. The shares of the company had dropped nearly 3 percent to close at Rs 155 apiece. This came as US President Donald Trump's additional 25 percent tariff on Indian imports weighed on stock markets.
Tata Steel shares have plunged more than 4 percent in the past five days, but gained nearly 12 percent in the past six months. The stock is up over 13 percent in 2025 so far, and currently has a P/E ratio of more than 44.
Markets remain closed today on account of Ganesh Chaturthi. The metal stock will remain under active watch tomorrow when the markets reopen.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
