Tata Steel acquires Singapore subsidiary TSHP for $182M, maintaining wholly-owned status.
Tata Steel acquired 1.16 billion equity shares in its Singapore-based subsidiary T Steel Holdings Pte Ltd (TSHP) for $182M, ensuring it remains a wholly-owned subsidiary. The acquisition is expected to strengthen Tata Steel's international presence and operational efficiency as it operates in over 100 countries with 660,800 employees globally.
August 14, 2024
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