Tata Steel divests its stake in NatSteel Holdings for $172-M

T S Global Holdings Pte. Ltd. (TSGH), an indirect wholly owned subsidiary of publicly listed Tata Steel Limited, has executed definitive agreements with Singapore based steel and iron ore trading company Toptip Holding Pte Ltd. to divest its entire 100% stake held in NatSteel Holdings Pte. Ltd. (NSH) for an Equity Value of USD 172 million (INR 1,275 crore). The wires business of NatSteel in Thailand (Siam Industrial Wires) has been retained by Tata Steel.