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On March 24, 2026, Tata Steel Limited acquired 1,785,714,286 equity shares in T Steel Holdings Pte. Ltd (TSHP). These shares, with a face value of USD 0.1008 each, aggregated to USD 180 million (approximately ₹1,680.27 crore), and TSHP continues as a wholly owned foreign subsidiary of the Company post-acquisition.
| Date | 24 Mar 2026 |
| Time | 12:25:46 |
| Category | Acquisitions and alliances |
| ID | 9374X |
Ref.: SEC/2152/2025-26
March 24, 2026
London Stock Exchange
London
Dear Madam, Sirs,
Sub: Acquisition of equity stake in T Steel Holdings Pte. Ltd
This is further to our disclosures dated May 12, 2025, June 25, 2025, July 10, 2025, August 26, 2025, September 24, 2025, October 29, 2025, December 19, 2025, February 2, 2026 and February 26, 2026 regarding infusion of funds by Tata Steel Limited ('Company') by way of subscription to equity shares of T Steel Holdings Pte. Ltd ('TSHP'), a wholly owned foreign subsidiary of the Company.
In this connection, we wish to inform you that, the Company has today i.e., on March 24, 2026, acquired 178,57,14,286 equity shares of face value USD 0.1008 each aggregating to USD 180 million (~₹1,680.27 crore*) in TSHP. Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.
This disclosure is being made in compliance with Regulation 30 and 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
*USD to INR exchange rate has been taken as ₹93.3483 as published by Reserve Bank of India on
March 20, 2026.