Tata Steel acquires about 116 cr equity shares in Singapore-based arm for USD 182 mn

Tata Steel on Wednesday said it has acquired about 116 crore equity shares in its Singapore-based arm for USD 182 million.

"Tata Steel acquired 1,15,92,35,669 ordinary equity shares of face value USD 0.157 each aggregating to USD 182 million (Rs 1,528.24 crore) in T Steel Holdings Pte Ltd (TSHP)," the company said in an exchange filing.

Post this acquisition, TSHP will continue to be a wholly-owned subsidiary of the company, it added