Tata Metal on Thursday mentioned it has acquired over 191 core fairness shares of T Metal Holdings Pte Ltd for USD 300 million (Rs 2,603.16 crore). T Metal Holdings Pte.Ltd (TSHP) is the Singapore-based arm of home-grown metal big Tata Metal.
“Tata Metal has in the present day i.e., on February 20, 2025, acquired 191,08,28,025 odd fairness shares of face worth USD 0.157 every aggregating to USD 300 million (Rs 2,603.16 crore) in T Metal Holdings Pte. Ltd (TSHP),” Tata Metal mentioned in an change submitting.
Submit this acquisition, TSHP will proceed to be a wholly-owned subsidiary of the corporate, it mentioned.
