The Siam Industrial Wire Company Limited (‘SIW’), an indirect wholly owned foreign subsidiary of Tata Steel Limited, executed a share purchase agreement with Nichia Steel Works Limited, for acquisition of the 40% equity stake held by Nichia in TSN Wires.

July 31, 2025

The Siam Industrial Wire Company Limited (‘SIW’), an indirect wholly owned foreign subsidiary of Tata Steel Limited, executed a share purchase agreement with Nichia Steel Works Limited, for acquisition of the 40% equity stake held by Nichia in TSN Wires, for a nominal consideration of THB 100 for each share (approximately INR 270).

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With this acquisition, TSN Wires will become an indirect wholly owned foreign subsidiary for the company. TSN Wires Company Limited (‘TSN Wires’), incorporated on April 11, 2012, is a Thailand based downstream steel wires company having a capacity of 41 KTPA.

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The move will enhance synergies and improve management of both SIW and TSN Wires.