21 Feb 2025

Tata Steel Stock Rises; Acquires Stake in T Steel Holdings

Tata Steel is currently trading at RS 139.50, up by 1.50 points or 1.09% from its previous close of RS 138.00 on the BSE.

The stock opened at RS 137.50, reaching a high of RS 140.40 and a low of RS 137.20. A total of 2,26,573 shares have been traded so far.

The BSE Group 'A' stock, with a face value of RS 1, recorded a 52-week high of RS 184.60 on June 18, 2024, and a 52-week low of RS 122.60 on January 13, 2025. Over the past week, the stock's high and low stood at RS 140.40 and RS 130.80, respectively. The company's market capitalization is RS 1,74,830.80 crore.

Shareholding Pattern:

  • Promoters hold 33.19%
  • Institutions hold 42.23%
  • Non-Institutions hold 24.06%

In a strategic move, Tata Steel has acquired 191.08 crore ordinary equity shares of face value $0.157 each, amounting to $300 million (RS 2,603.16 crore) in T Steel Holdings Pte. (TSHP). After this acquisition, TSHP will remain a wholly owned subsidiary of Tata Steel.

Additionally, Tata Steel UK, a subsidiary of the company, has received Neath Port Talbot Council’s approval for the Electric Arc Furnace steelmaking project in Port Talbot.

Tata Steel, the flagship company of the Tata Group, is Asia’s first integrated steel plant and the world’s second most geographically diversified steel producer. It is also a Fortune 500 company.