REG - Tata Steel Limited - Acquisition

TATA SteelAnnouncement

28/12/2022 14:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221228:nRSb1131La&default-theme=true

RNS Number : 1131L  Tata Steel Limited  28 December 2022

December 28, 2022

 

London Stock Exchange

Singapore

 

Dear Madam, Sirs,

 

Sub: Acquisition of equity stake in Tata Steel Advanced Materials Limited, a wholly owned subsidiary of Tata Steel Limited, on preferential basis

 

This is to inform you that, Tata Steel Limited ('Company') has, on December
27, 2022, acquired 1,15,45,667 equity shares of ₹10/- each at an issue price
of ₹12.81 per share (including a premium of ₹2.81 per share), of Tata
Steel Advanced Materials Limited ('TSAML'), for an amount aggregating to
approximately ₹14.80 crore (hereinafter referred to as the 'Transaction').
On completion of the above acquisition, TSAML will continue to be 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/1131L_1-2022-12-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1131L_1-2022-12-28.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.

 

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  ACQEADAPASLAFFA