Tata Steel

In September 2026, S&P said it rated Tata Steel “BBB” with a stable outlook. [1] source: The Hindu BusinessLine Tata Steel owns T Steel Holdings Pte Ltd as a wholly owned subsidiary, according to reports on its September 2026 investment. [2] source: CNBC-TV18[3] source: NDTV Profit

On September 29, 2026, Tata Steel acquired 393.52 crore equity shares in T Steel Holdings for $340 million (₹3,260 crore), under a board-approved plan allowing up to $2 billion in additional funding. [2] source: CNBC-TV18 NDTV Profit reported the acquisition as 393,51,85,186 shares for $340 million (Rs 3,260.32 crore) and said T Steel Holdings remained wholly owned. [3] source: NDTV Profit On September 28, 2026, Elara Capital retained its Rs 235 12-month target for Tata Steel, implying 26 per cent upside from Rs 186. [4] source: Business Today Elara expected European profitability to improve from Q2 FY27 after the Netherlands DSP restarted in August. [4] source: Business Today S&P said a routine Tata Sons listing would be credit-neutral for Tata Steel in the near term, while public shareholding could increase longer-term scrutiny of capital allocation and group support. [1] source: The Hindu BusinessLine