REG - Tata Steel Limited - Update on acquisition

TATA SteelAnnouncement

26/07/2022 15:00

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RNS Number : 8082T  Tata Steel Limited  26 July 2022

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Update on acquisition of itemized assets from Stork Ferro and Mineral
Industries Private Limited

 

This has reference to our earlier disclosure dated March 30, 2022 with respect
to the execution of an Asset Transfer Agreement (ATA) by Tata Steel Limited
with Stork Ferro and Mineral Industries Private Limited ('Stork'), for
acquisition of itemized assets to produce ferro alloys.

 

This is to inform you that, Tata Steel Limited has today, i.e. July 26, 2022
completed the acquisition of itemized assets from Stork and the appropriate
consideration has been paid.

Post-closing adjustment and activities shall be completed in due course.

 

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.

 

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