T Steel Holdings Pte Ltd announced that it will receive up to $2.5 Billion in an equity round of funding on May 12, 2025. The transaction will include participation from returning investor, Tata Steel Limited. Post the closing of the transaction, the company will continue to be a wholly owned subsidiary of investor.
The company will receive funding in one or more multiple tranches. The transaction is expected to close during FY2025-26. The transaction has been approved by the board of directors of the investor.
The transaction will be carried out in compliance with all applicable laws and necessary approvals from RBI will be obtained before executing the proposed transactions.
