REG - Tata Steel Limited - Acquisition of 26% equity stake in TP Adarsh Ltd

TATA SteelAnnouncement

Yesterday 17:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260421:nRSU3803Ba&default-theme=true

RNS Number : 3803B  Tata Steel Limited  21 April 2026

 

Ref.: SEC/180/2026-27

April 21, 2026

 

   London Stock Exchange

   London

 

Dear Madam, Sirs,

 

Sub: Acquisition of 26% equity stake in TP Adarsh Limited

 

This has reference to the outcome of the Board Meeting of Tata Steel Limited
('Company') disclosed on July 30, 2025 vide letter reference no.
SEC/652/2025-26. The Board of Directors of the Company had approved the
infusion of an amount up to ₹6 crore, in one or more tranches, in TP Adarsh
Limited ('TPAL'), wholly owned subsidiary of Tata Power Renewable Energy
Limited ('TPREL') and to execute a Share Purchase and Shareholders' Agreement
('SPSA') between the Company, TPREL and TPAL, to acquire (including by way of
subscription) 26% equity shareholding in TPAL

 

In this connection, we wish to inform you that the Company has today, i.e.
April 21, 2026, executed the Share Subscription and Shareholders' Agreement
('SSSA') with TPREL and TPAL and completed the acquisition, by way of
subscription, of 59,00,000 equity shares of face value of ₹10/- each of TPAL
(26% equity shareholding) for an aggregate consideration of ₹5,90,00,000/-.
Post this transaction, TPAL has become an indirect associate company of Tata
Steel Limited.

 

This disclosure is being made in compliance with Regulation 30, 51 and other
applicable provisions of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended.

 

This is for your information and records.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBLGDSLXDDGLB



            Copyright 2019 Regulatory News Service, all rights reserved