REG - Tata Steel Limited - Divestment

TATA SteelAnnouncement

05/10/2022 09:31

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221004:nRSD7504Ba&default-theme=true

RNS Number : 7504B  Tata Steel Limited  04 October 2022

October 4, 2022

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Divestment of partial stake in AI Rimal Mining LLC, Oman,

an indirect wholly-owned subsidiary of Tata Steel Limited

 

This has reference to our disclosure dated May 9, 2019, with respect to
divestment of equity stake in Al Rimal Mining LLC, Oman (Al Rimal).

 

T S Global Holdings Pte Ltd (formerly T S Global Mineral Holdings Pte Ltd), a
wholly-owned subsidiary of Tata Steel Limited, had entered into an agreement
with Oman National Investments Development Company (Tanmia) and the existing
shareholders of Al Rimal to transfer its 19% shareholding in Al Rimal to
Tanmia thereby divesting its equity stake in Al Rimal from 70% to 51%.

 

This is to inform you that Tata Steel Limited, through T S Global Holdings Pte
Ltd, has concluded the divestment of its 19% equity stake in AI Rimal to
Tanmia on

October 3, 2022, thereby reducing its shareholding from 70% to 51% in Al
Rimal.

 

This disclosure is being made in compliance with Regulation 30 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

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  DISUPGMAUUPPGPC