REG - Tata Steel Limited - Acquisition of equity stake in Rohit FerroTech Ltd

TATA SteelAnnouncement

15/06/2022 15:00

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RNS Number : 0198P  Tata Steel Limited  15 June 2022

June 15, 2022

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Acquisition of equity stake in Rohit Ferro-Tech Limited by Tata Steel Mining Limited, a wholly-owned subsidiary of Tata Steel Limited

 

This is to inform you that, Tata Steel Mining Limited ('TSML'), a wholly-owned
subsidiary of Tata Steel Limited has, on June 14, 2022, paid consideration for
acquiring 10% equity stake held by the Financial Creditors in Rohit Ferro-Tech
Limited ('RFT'), a subsidiary of TSML, for an amount aggregating to
approximately ₹20.06 crore (hereinafter referred to as the 'Transaction').
Upon completion of the Transaction, RFT will become a wholly-owned subsidiary
of TSML.

 

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

http://www.rns-pdf.londonstockexchange.com/rns/0198P_1-2022-6-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0198P_1-2022-6-15.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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