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Tata Steel Limited ( (IN:TATASTEEL) ) has issued an announcement.
Tata Steel Limited has announced the acquisition of 124,62,68,657 equity shares in its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd, for a total of USD 125.25 million. This acquisition reinforces Tata Steel’s commitment to strengthening its international operations and maintaining its subsidiary’s status as a wholly owned entity, which could enhance its market positioning and operational capabilities.
More about Tata Steel Limited
Tata Steel Limited is a prominent player in the steel industry, primarily engaged in the production and sale of steel products. The company has a significant market presence and focuses on expanding its operations through strategic acquisitions and investments.
Average Trading Volume: 1,487,016
Current Market Cap: 2021.7B INR
For detailed information about TATASTEEL stock, go to TipRanks’ Stock Analysis page.