India’s top steel maker Tata Steel said on Wednesday it acquired additional stake in its Singapore-based subsidiary T. Steel Holdings for 280 million (₹2,347.81 crore).

The steel giant bought shares 178.3 crore shares at face value of $0.157 each, it said in an exchange filing.

The stake purchase follows a previous acquisition of 115.92 crore shares worth $182 million (₹1,528.24 crore) of T Steel with shares priced at $0.157 each.

This strategic move aims to strengthen Tata Steel’s international presence and operational efficiency.