REG - Tata Steel Limited - Share Purchase & Shareholders’ Agreement

TATA SteelAnnouncement

19/10/2023 13:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231019:nRSS7115Qa&default-theme=true

RNS Number : 7115Q  Tata Steel Limited  19 October 2023

October 19, 2023

 

London Stock Exchange

London

 

Dear Madam, Sir(s),

 

Sub:    Share Purchase & Shareholders' Agreement with Tata Power
Renewable Energy Ltd. and TP Vardhaman Surya Ltd.

 

This is to inform you that Tata Steel Limited ('Company') has today, i.e.,
October 19, 2023 agreed to execute a Share Purchase & Shareholders'
Agreement with Tata Power Renewable Energy Ltd. and its wholly owned
subsidiary, TP Vardhaman Surya Ltd. to acquire 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 approximately ₹1,30,000
(referred to as 'Transaction').

 

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

http://www.rns-pdf.londonstockexchange.com/rns/7115Q_1-2023-10-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7115Q_1-2023-10-19.pdf)

 

This disclosure is made in compliance with Regulation 30 and 51 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  MSCGPGCWUUPWGPB