Tata Steel Ltd. has approved an additional investment of up to $2 billion in its wholly owned subsidiary, T Steel Holdings Pte. Ltd. The investment will be made through subscription to equity shares in one or more tranches, taking the aggregate investment limit in the subsidiary to around $26.21 billion.
The move is part of Tata Steel’s continuing funding and investment structure for its overseas operations. The company remains focused on supporting its international businesses while managing capital requirements across the group.
