TATA Steel said on Wednesday its Singapore-based subsidiary NatSteel Asia had increased its holding in three of its units.

Tata Steel’s wholly-owned subsidiary has bought the stake from Southern Steel Berhad, Malaysia in NatSteel (Xiamen), NatSteel Trade International and NatSteel Vina.

According to an official release issued by the company to the BSE on Wednesday, it has bought 50% equity interest in NatSteel (Xiamen) for Singapore $19,357,000, 40% equity interest in NatSteel Trade International for Singapore $6,538,000 and 22.6% equity interest in NatSteel Vina for Singapore $3,105,000 (present holding 33.9%).

On completion of the above acquisitions, NatSteel Trade International and Southern NatSteel (Xiamen) have become wholly-owned subsidiaries of NatSteel Asia and NatSteel Vina has become its subsidiary with equity holding of 56.5%.