REG - Tata Steel Limited - Acquisition

TATA SteelAnnouncement

01/03/2023 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230301:nRSA5703Ra&default-theme=true

RNS Number : 5703R  Tata Steel Limited  01 March 2023

March 1, 2023

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

Sub: Acquisition of Non-convertible Redeemable Preference Shares of TRF
Limited, aggregating to ₹74 crore

 

This is further to our disclosure dated June 8, 2022.

 

This is to inform you that Tata Steel Limited has on March 1, 2023, acquired
7,40,00,000
(Seven crore and forty lakh only) - 12.17% (effective yield) Non-cumulative,
Non-convertible,

Non-participating, Redeemable Preference Shares ('NCRPS') of face value
₹10/- each of

TRF Limited, a listed associate company of Tata Steel Limited, aggregating to
₹74 crore

(NCRPS Series - 2), on private placement basis.

 

The details of the acquisition are given in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/5703R_1-2023-3-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5703R_1-2023-3-1.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.

 

 

 

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  ACQEAKDFEFXDEFA