Monday, August 10, 2026

Tata Steel pumps ₹4,054 crore into Singapore arm T Steel Holdings

Date:

Tata Steel Ltd on Wednesday said it has infused fresh capital into its overseas arm, T Steel Holdings Pte. Ltd (TSHP), by acquiring 457.7 crore equity shares worth ₹4,054.66 crore. T

he subscription to new shares, with a face value of USD 0.1005 each, takes the company’s cumulative investment in TSHP this year to USD 460 million.

TSHP will continue as a wholly owned foreign subsidiary of Tata Steel following the latest equity infusion, the company said in an exchange filing. The move follows a series of earlier capital infusions disclosed between May and August this year, aimed at strengthening Tata Steel’s international operations.

Also Read: Metal stocks are shining and they might sparkle brighter in the weeks ahead

The announcement came as Tata Steel’s share price hit a fresh 52-week high of ₹174.35 in intraday trade on the BSE, buoyed by a healthy business outlook and strong demand trends in the metals sector. The stock, however, pared gains to close flat at ₹172.65, down 0.35%.

So far in September 2025, Tata Steel shares have surged 13%, significantly outperforming the BSE Sensex’s 2.7% rise and the BSE Metal Index’s 11% rally.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

India’s thali cost rises as onion, oil and LPG prices bite, Crisil report shows

The cost of preparing a home-cooked meal rose further...

Indian households, other APAC regions highly vulnerable to El Nino-driven price shocks: S&P

New Delhi: Asia-Pacific economies, like India, Vietnam, Indonesia and...

RBI gives banks relief on priority sector lending, proposes Basel rule changes

The Reserve Bank of India (RBI) has tweaked its...

What India’s headline FDI won’t tell you and where we need to go

Foreign Direct Investment (FDI) equity inflows into India increased...