TATASTEEL : STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY SHARES OF T STEEL HOLDINGS PTE. LTD

• Tata Steel Limited has acquired 3,935,185,186 equity shares of T Steel Holdings Pte. Ltd (TSHP) • Face value of shares acquired is USD 0.0864 each, aggregating to USD 340 million (~₹3,260.32 crore) • This acquisition is a further infusion of funds, increasing the aggregate investment limit up to USD 26.21 Billion • TSHP is a wholly owned foreign subsidiary of Tata Steel Limited • Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the Company

Tata Steel Limited

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