Tata Steel announced acquiring 557 crore equity shares in its Singapore-based arm, T Steel Holdings Pte Ltd (TSHP), for USD 875 million (Rs 7,324.41 crore). This follows the board’s approval in May to infuse funds into TSHP. The shares have a face value of USD 0.157 each. Post-acquisition, TSHP remains a wholly-owned subsidiary of Tata Steel.
