Tata Steel on Tuesday announced that it has invested ₹3,100 crore in its wholly owned foreign subsidiary T Steel Holdings Pte. Ltd. (TSHP), based in Singapore.
The company acquired 353.23 crore equity shares of face value USD 0.1005 each, aggregating to USD 355 million (₹3,104.03 crore) through subscription of new equity shares.
“Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company,” Tata Steel said in its stock exchange filing. The fund infusion is part of Tata Steel’s plan to strengthen its overseas operations.
Stock Market Impact
The announcement came post-market hours on August 26. Ahead of the update, Tata Steel shares closed nearly 3% lower at ₹155 apiece, amid broader market weakness after US President Donald Trump imposed an additional 25% tariff on Indian imports.
- Tata Steel shares are down 4% in the past five days
- The stock has gained 12% in the past six months
- Up 13% year-to-date (2025)
- Currently trades at a P/E ratio above 44
Outlook
The counter is expected to remain in focus when markets reopen after the Ganesh Chaturthi holiday.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors are advised to consult their financial advisors before making any investment decisions.
