
The Valuation School
February 26, 2025 at 02:30 AM
💰 *Tata Steel Invests ₹10,727 Crore in Singapore Unit*
By The Valuation School
*Big Investment in T Steel Holdings*
Tata Steel has acquired 788.5 crore shares in its Singapore-based subsidiary, T Steel Holdings Pte. Ltd., for ₹10,727 crore. This move ensures that T Steel Holdings remains a fully owned subsidiary of Tata Steel.
*Ongoing Fund Infusion*
Just last week, Tata Steel had invested ₹2,603 crore and before that, in August 2024, it infused ₹2,348 crore into the same unit. These frequent investments show Tata Steel’s commitment to strengthening its overseas business.
*Why This Investment?*
The funds will be used to repay external debt of offshore entities and support the restructuring of Tata Steel UK Ltd., its struggling UK subsidiary.
*T Steel Holdings' Role*
Set up in 2006 in Singapore, T Steel Holdings manages Tata Steel’s overseas investments. It plays a key role in routing funds to Tata Steel’s global businesses, excluding banks.
*Source*: https://tinyurl.com/34b6ftn9
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