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Tata Steel Acquires Stake in Singapore Arm for $875 Million

Tata Steel Acquires Stake in Singapore Arm for 5 Million
Tata Steel Acquires Stake in Singapore Arm for 5 Million

For USD 875 million, Tata Steel purchased more than 557 crore equity shares in T Steel Holdings Pte Ltd (TSHP), a Singapore-based subsidiary. According to the company’s exchange statement, the board of Tata Steel approved the funding injection in May by subscribing to equity shares in many tranches.

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