Chemistry and reactivity of dimolybdathiaborane, [(Cp*Mo) 2B2SH2], 1, obtained from the reaction of 2-mercaptobenzothiazole, [Cp*MoCl2] and [LiBH2.thf], has been explored with dinuclear metal carbonyl [Fe2(CO) 2]. As a result, reaction of 1 with [Fe2(CO)2] yielded heterometallathiaborane, [(Cp*Mo)2B2H 2SFe(CO)2], 2 in good yield. Both the new compounds have been characterized in solution by 1H, 11B and 13C NMR spectroscopy and the structural types were unequivocally established by X-ray crystallographic analysis of compound 2. Cluster 2 has a bicapped octahedral geometry with the {Fe(CO)3} fragment occupying one of the high-connectivity cluster vertexes rather than a capping position. Interestingly, cluster 1 undergoes geometric changes (bicapped trigonal bipyramid → bicapped octahedron) on the addition of two-electron {Fe(CO)3} fragment to 1. © Indian Academy of Sciences.