REG - Tata Steel Limited - Acquisition

TATA SteelAnnouncement

06/11/2023 14:00

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RNS Number : 5275S  Tata Steel Limited  06 November 2023

 

 

 

 

 

November 6, 2023

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub:  Acquisition of 26% equity stake in TP Vardhaman Surya Ltd.

 

This has reference to our disclosure dated October 19, 2023, wherein it was
informed that

Tata Steel Limited ('Company') had agreed to execute a Share Purchase and
Shareholders' Agreement with Tata Power Renewable Energy Ltd. and its wholly
owned subsidiary,

TP Vardhaman Surya Ltd. to acquire 26% equity shareholding in TP Vardhaman
Surya Ltd.

 

In this connection, we wish to inform you that, the Company has, today, i.e.
November 6, 2023, executed the aforementioned Share Purchase and Shareholders'
Agreement with Tata Power Renewable Energy Ltd. and its wholly owned
subsidiary, TP Vardhaman Surya Ltd and has completed the acquisition of 13,000
equity shares of face value ₹10 each, at par, of

TP Vardhaman Surya Ltd., i.e., 26% equity shareholding, for an aggregate
consideration of ₹1,30,000/-.

 

This disclosure is being 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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