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Informist, Tuesday, Mar. 17, 2026

--Tata Steel to invest INR 184.88 bln in arm T Steel Holdings in tranches 

--Tata Steel to invest in arm T Steel Holdings via equity subscription 

--Tata Steel to invest in arm T Steel Holdings from FY27 

--Tata Steel board OKs amalgamation of arm Neelachal Ispat with co 

NEW DELHI – Tata Steel Ltd. Tuesday said its board approved investment of up to INR 184.88 billion in the company's wholly-owned foreign subsidiary T Steel Holdings Pte. Ltd. through share subscription in one or more tranches from 2026-27 (Apr-Mar) onwards. The board also approved the merger of its wholly owned subsidiary Neelachal Ispat Nigam Ltd. with Tata Steel, the company said in an exchange filing.

Further, the board approved the acquisition of a 49% equity stake in its subsidiary, Medica TS Hospital Pvt. Ltd., through 740,000 shares, and a 31.85% preference share stake through 23.01 million optionally convertible, redeemable preference shares. This stake will be acquired from Manipal Hospitals Eastern India Pvt. Ltd for INR 14.9 million, as per the filing. Following the transaction, Medica TS Hospital will become a wholly owned subsidiary of Tata Steel. The transaction is expected to be completed within one month, subject to necessary approvals.

T Steel Holdings will use the proposed fund infusion to support the overseas subsidiaries for its business operations, including capital expenditure and restructuring costs, and for repayment or/and pre-payment of existing debt in multiple tranches, as per the filing.

The amalgamation of Neelachal Ispat Nigam will lead to operational efficiencies and business synergies, Tata Steel said, adding that the resulting simplified corporate holding structure will bring agility to the merged entity's business ecosystem.

For the December quarter, Tata Steel reported a consolidated net profit of INR 26.89 billion on a revenue of INR 570.02 billion. Tuesday, shares of the company ended 4.5% higher at INR 195.43 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Shakshi Jain

Edited by Saji George Titus

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