Tata Steel has completed the acquisition of equity shares in T Steel Holdings Pte. Ltd (TSHP) for USD 150 million (₹1,354.94 crore) on December 19, 2025. The transaction was disclosed to stock exchanges under regulatory compliance requirements, marking the latest in a series of fund infusions into the wholly owned foreign subsidiary.

Transaction Overview

Tata Steel purchased 1.49 billion (148,80,95,239) equity shares with a face value of USD 0.1008 each in T Steel Holdings Pte. Ltd. Following this acquisition, TSHP continues to remain a wholly owned foreign subsidiary of Tata Steel Limited.

Regulatory Compliance

Tata Steel made this disclosure 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. The company referenced previous disclosures made on May 12, 2025, June 25, 2025, July 10, 2025, August 26, 2025, September 24, 2025, and October 29, 2025 regarding fund infusions into TSHP.

Strategic Investment Context

This acquisition represents a continuation of Tata Steel's strategic investment approach in strengthening its subsidiary operations. The USD to INR exchange rate of ₹90.33 was applied as published by the Reserve Bank of India on December 17, 2025, for the transaction valuation.

The disclosure was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer of Tata Steel Limited, and communicated to both BSE Limited and National Stock Exchange of India Limited.

Tata Steel has secured extended interim protection from the Orissa High Court at Cuttack in two significant legal disputes involving demand letters totaling ₹4,313.39 crores related to its Sukinda Chromite Block operations. The court heard both writ petitions on December 12, 2025, and extended the interim protection until the next hearing scheduled for December 19, 2025.

First Writ Petition Details

The first legal challenge stems from a demand letter received on July 3, 2025, from the Office of Deputy Director of Mines, Jajpur. The company filed Writ Petition (Civil) No. 22431 of 2025 on August 8, 2025, seeking to quash this demand.

The Orissa High Court granted interim protection on August 14, 2025, restraining authorities from taking coercive action. This protection has been consistently extended through multiple hearings until December 12, 2025.

Second Writ Petition Challenge

The second dispute involves another demand letter received on October 3, 2025, leading to Writ Petition (Civil) No. 31035 of 2025 filed on October 29, 2025.

Both demand letters relate to alleged shortfalls in mineral dispatch from the Sukinda Chromite Block under the Mine Development and Production Agreement, with authorities claiming violations of the Minerals (Other than Atomic and Hydro-Carbons Energy Minerals) Concession Rules, 2016.

Current Legal Status

The Orissa High Court has tagged both petitions with similar cases and continues to provide interim protection to Tata Steel. The court's order restrains opposite parties and authorities from taking coercive action against the company until the matter is resolved.

Regulatory Disclosure

Tata Steel has made this disclosure in compliance with Regulations 30 and 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company continues to contest both demand letters through the legal process while maintaining operations at the Sukinda Chromite Block under court protection.