India’s steel producer Tata Steel announced an acquisition of about 17.8 billion additional equity shares of Singapore-based T Steel Holdings Pte. Ltd. (TSHP) for US$280 million, at a face value of US$0.157 per share.

After the acquisition, T Steel Holdings will continue to be a wholly-owned subsidiary of Tata Steel.

On August 14, Tata Steel acquired around 11.59 billion ordinary equity shares, totaling US$182 million in TSHP, and continued to spend US$875 million to acquire 55.73 billion equity shares in TSHP at the end of July.