REG - Tata Steel Limited - Acquisition

TATA SteelAnnouncement

28/09/2020 07:00

RNS Number : 2136A
  
Tata Steel Limited
  
26 September 2020
  
 

September 26, 2020
 




London Stock Exchange
London


 




 
Dear Sir, Madam,
 
Sub:    Intimation of acquisition of 34,92,500 equity shares of face value ₹10 each (the "Equity Shares") aggregating to ₹224,21,85,000 pursuant to conversion of convertible warrants (the "Warrants"), by Tata Steel Limited (the "Company") of Tata Metaliks Limited, on preferential basis (the "Preferential Allotment")
 
This is further to our disclosure dated March 28, 2019.
 
Tata Steel Limited, on September 25, 2020, has acquired 34,92,500 Equity Shares of ₹10 each pursuant to conversion of Warrants issued at a price of ₹642 per Warrant, by exercising its right to subscribe to one equity share per Warrant of face value of ₹10 each, aggregating to ₹224,21,85,000/- (of which 25% was paid on application and balance amount of ₹168,16,38,750/- was paid on September 25, 2020).
 
The details of the transaction are given in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/2136A_1-2020-9-26.pdf
 
This is for your information and records.
 
This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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