TATASTEEL

invests Rs 1562 cr in S'pore arm

on Wednesday said that it has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for a total consideration of approximately Rs 1,562.54 crore or $180 ***** shares acquired have a face value of USD 0.1005 each. After the latest infusion, TSHP will remain a wholly owned subsidiary of Tata Steel, the company said in an exchange filing. The acquisition is part of Tata Steel's previously disclosed plan.