Tata Steel will invest in NatSteel

Tata Steel will invest in NatSteel

According to recent news in the market, Tata Steel has signed an agreement with Singapore-based NatSteel to invest in all of NatSteel's businesses in a cash transaction worth $283.1 million. This deal marks the largest overseas investment by an Indian company. In addition to the investment in NatSteel's Singapore operations, Tata Steel will also acquire a 26% equity share in Southern Steel Berhad, a Malaysia-based producer with annual output of 1.3 million tons. NatSteel is Singapore's largest steel producer, with operations in China, Thailand, Australia, Vietnam and the Philippines.