Tata Steel Limited has infused $172 million into its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd, strengthening its overseas capital base. The acquisition of 199,07,40,741 equity shares was completed on June 24, 2026, at a face value of $0.0864 each, aggregating to ₹1,625.29 crore. Following this investment, T Steel Holdings Pte. Ltd continues to remain a wholly owned subsidiary of Tata Steel.

Investment Details

The Board of Directors of Tata Steel Limited approved the infusion of additional funds up to $2 billion during its meeting on March 17, 2026. This approval enhanced the aggregate investment limit to $26.21 billion, to be executed through subscription to equity shares in one or more tranches.

Transaction Breakdown

The exchange rate of ₹94.4938 was used for conversion, as published by the Reserve Bank of India on June 22, 2026. This disclosure was submitted to the exchanges in compliance with Regulation 30 and 51 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tata Steel witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 971,166 shares transacted at a price of ₹191.23 per share, aggregating to a total deal value of ₹18.57 crores. Block trades are large-volume transactions typically executed between institutional investors or major market participants, carried out outside the regular open market order book to minimise price impact.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Such block deals are closely tracked by market participants as they can offer insights into institutional activity and sentiment surrounding a particular stock. The transaction in Tata Steel reflects the continued interest of large investors in the company's shares at the prevailing market price.