Mumbai, Feb. 26 -- T Steel Holdings (TSHP) is a wholly owned subsidiary of Tata Steel, incorporated in Singapore on July 5, 2006. The primary business of TSHP includes holding of equity shares of indirect overseas subsidiaries of Tata Steel and other entities, excluding banks. Its net worth was Rs 44,006.70 crore.

The present fund infusion will be used by TSHP to repay external debt at offshore entities and to support the restructuring at Tata Steel UK, a wholly owned subsidiary of Tata Steel.

Post this acquisition, TSHP will continue to hold 100% equity shareholding in TSHP and it will be a wholly owned subsidiary of Tata Steel.

Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million...