REG - Tata Steel Limited - Acquisition of equity stake in TSUISL, subsidiary

TATA SteelAnnouncement

01/02/2023 15:15

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RNS Number : 6334O  Tata Steel Limited  01 February 2023

February 1, 2023

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

Sub: Acquisition of equity stake in Tata Steel Utilities and Infrastructure
Services Limited, wholly-owned subsidiary company

 

This is to inform you that, on January 31, 2023, Tata Steel Limited
('Company') has acquired 26,97,674 equity shares of ₹10/- each at a premium
of ₹205/- per share, of Tata Steel Utilities and Infrastructure Services
Limited ('TSUISL'), a wholly-owned subsidiary of the Company, on Rights basis,
for an amount aggregating to ₹58 crore (hereinafter referred to as the
'Transaction'). Upon completion of the Transaction, TSUISL continues to be a
wholly-owned subsidiary of the Company.

 

The relevant details of the Transaction are enclosed in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/6334O_1-2023-2-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6334O_1-2023-2-1.pdf)

 

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

 

This is for your information and records.

 

 

 

 

 

 

 

 

 

 
 

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