Tata Steel Infuses ₹2,402 Crore into T Steel Holdings, Acquires 262 Crore Shares

• Tata Steel acquired 261.90 crore equity shares of T Steel Holdings Pte. Ltd (TSHP) for $264 million (₹2,401.50 crore).
• TSHP remains a wholly owned subsidiary of Tata Steel after the transaction.
• The company reported a consolidated net profit of ₹2,730 crore for Q3, up from ₹295 crore a year earlier.
• Revenue from operations increased over 6% year-on-year to ₹57,002 crore, driven by higher deliveries.
• Domestic production and delivery volumes rose significantly, with strong performance in automotive and retail sectors.