Tata Steel invests ₹1,625 crore in Singapore subsidiary
after close1 source ↓written by the desknot a recommendation
- $172 million
- ₹1,625 crore
- capital infusion plan
- $2 billion
- T Steel
- $26.21 billion
Tata Steel has invested ₹1,625 crore ($172 million) in its wholly owned subsidiary, T Steel Holdings Pte. Ltd., in Singapore. This acquisition is part of a broader $2 billion capital infusion plan approved earlier this year, raising the total investment in T Steel to $26.21 billion. This move underscores Tata Steel's commitment to expanding its global footprint.
Not investment advice. For informational purposes only.