Tata Steel Invests $125.25 Million In Singapore Arm T Steel Holdings

Tata Steel Ltd. has subscribed to around 1.25 billion equity shares of its wholly owned subsidiary T Steel Holdings Pte. Ltd. for $125.25 million, the company said in an exchange filing Thursday.

The shares were issued at a face value of $0.1005 each. T Steel Holdings will remain a wholly owned subsidiary after the transaction. The company did not disclose the purpose of the investment. 

However, media reports suggest the capital infusion is part of Tata Steel’s broader plan to invest up to $2.5 billion in the subsidiary, possibly to support debt repayment and other offshore obligations.