“This is further to our disclosures dated May 12, 2025 and June 25, 2025 regarding infusion of funds by Tata Steel Limited (‘Company’) by way of subscription to equity shares of T Steel Holdings Pte. Ltd (‘TSHP’), a wholly owned foreign subsidiary of the Company,” the company said in its filing to the stock exchanges.
In a regulatory filing, Tata Steel informed the exchanges that it has acquired 124,62,68,657 equity shares of TSHP, each having a face value of USD 0.1005. The total value of the subscription amounts to USD 125.25 million, or approximately Rs 1,073.63 crore.
This move follows earlier disclosures made on May 12 and June 25 regarding the proposed infusion of funds. With this acquisition, TSHP will continue to operate as a wholly owned foreign subsidiary of Tata Steel.
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Tata Steel share price performance
Over the past two years, the shares of Tata Steel have delivered a gain of 39.27%. However, on a one-year basis, it has declined by 4.38%. Year-to-date (YTD), the stock is up by 17.48%. In the last six months, it has gained 26.10%, while the three-month and one-month returns stand at 26.30% and 3.18% respectively.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)