REG - Tata Steel Limited - Acquisition-entire stake in S&T Mining Company Ltd

TATA SteelAnnouncement

06/04/2022 18:30

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RNS Number : 5482H  Tata Steel Limited  06 April 2022

 

April 6, 2022

 

 

London Stock Exchange

 

 

London

 

Dear Madam, Sirs,

 

Sub: Execution of Share Purchase Agreement for acquisition of entire stake held by Steel Authority of India Limited in S&T Mining Company Limited

 

This is to inform you that, Tata Steel Limited ('Company') has, on April 5,
2022, executed a Share Purchase Agreement with Steel Authority of India
Limited ('SAIL') for acquisition of the entire equity stake of SAIL (50%) held
in S&T Mining Company Limited ('S&T Mining') (hereinafter referred to
as the 'Transaction'). On completion of the acquisition, S&T Mining
(presently a Joint Venture between SAIL and the Company), will become a wholly
owned subsidiary of the Company.

 

The relevant details with respect to the Transaction are enclosed in Annexure
A.

http://www.rns-pdf.londonstockexchange.com/rns/5482H_1-2022-4-6.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5482H_1-2022-4-6.pdf)

 

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended.

 

This is for your information and records.

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