Categories
Acquisition

Tata Steel divests its entire stake in NatSteel Holdings Singapore for an equity value of $172 mn

T S Global Holdings (TSGH) Singapore, a 100% indirect subsidiary of Tata Steel Limited, executed definitive agreements with TopTip Holding Pte Ltd. (TopTip), a Singapore based steel and iron ore trading company, to divest its 100% equity stake in NatSteel Holdings Pte. Ltd. (NSH) for an Equity Value of USD 172 million (Rs 1,275 crores). […]