REG - Tata Steel Limited - Scheme of amalgamation

TATA SteelAnnouncement

07/02/2024 07:00

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RNS Number : 3100C  Tata Steel Limited  07 February 2024

 

February 7, 2024

 

 The Secretary, Listing Department   The Manager, Listing Department

 BSE Limited                         National Stock Exchange of India Limited

 Phiroze Jeejeebhoy Towers,          Exchange Plaza, 5(th) Floor, Plot No. C/1,

 Dalal Street,                       G Block, Bandra-Kurla Complex, Bandra,

 Mumbai - 400 001.                   Mumbai - 400 051.

 Maharashtra, India.                 Maharashtra, India.

 Scrip Code: 500470                  Symbol: TATASTEEL

 

Dear Madam, Sirs,

 

Sub: Scheme of amalgamation amongst Tata Steel Limited and TRF Limited and
their respective shareholders

 

This has reference to our disclosures dated September 22, 2022, and September
18, 2023, intimating the approval of the Board of Directors ('Board') and the
shareholders respectively of Tata Steel Limited ('Company') of the scheme of
amalgamation amongst Tata Steel Limited and TRF Limited and their respective
shareholders ('Scheme').

 

In this connection, please find enclosed herewith an announcement from TRF
Limited. The Board of Directors of TRF Limited has, for the reasons specified
in the announcement enclosed, on February 6, 2024, decided to not to proceed
with the proposed amalgamation and approved withdrawal of the Scheme.  In
concurrence with the decision of the Board of Directors of TRF Limited, the
Board has also decided to withdraw the Scheme.

 

An application to withdraw the Scheme will be filed with Hon'ble National
Company Law Tribunal, Mumbai Bench.

 

This disclosure is being made in terms of Regulation 30 read with Regulation
51 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended, read with applicable
SEBI Circulars.

 

This is for your information and record.

 

Yours faithfully,

Tata Steel Limited

 

 

Parvatheesam Kanchinadham

Company Secretary &

Chief Legal Officer (Corporate & Compliance)

 

Encl.: as above

 

http://www.rns-pdf.londonstockexchange.com/rns/3100C_1-2024-2-7.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3100C_1-2024-2-7.pdf)

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