REG - Tata Steel Limited - Acquisition

TATA SteelAnnouncement

23/03/2023 14:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230323:nRSW0577Ua&default-theme=true

RNS Number : 0577U  Tata Steel Limited  23 March 2023

March 23, 2023

 

London Stock Exchange

London

 

Dear Madam, Sir(s),

 

Sub:    Acquisition of equity stake in Tata Steel Advanced Materials
Limited, a

wholly owned subsidiary company

 

This is to inform you that, Tata Steel Limited ('Company') has on March 22,
2023, acquired the balance 1,35,29,959 equity shares of ₹10/- each, at a
premium of ₹2.81 per share (total ₹12.81 per share), of Tata Steel
Advanced Materials Limited ('TSAML'), an indirect

wholly owned subsidiary of the Company, from Tata Steel Downstream Products
Limited ('TSDPL'), a direct wholly owned subsidiary of the Company, for an
amount aggregating to approximately ₹17.33 crore (together referred to as
'Transaction'). Consequent to the Transaction, TSAML has become a direct
wholly owned subsidiary of the Company.

 

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

http://www.rns-pdf.londonstockexchange.com/rns/0577U_1-2023-3-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0577U_1-2023-3-23.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  ACQEALDDAENDEFA