REG - Tata Steel Limited - Update on Composite Scheme of Amalgamation

TATA SteelAnnouncement

11/11/2021 17:45

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RNS Number : 1523S  Tata Steel Limited  11 November 2021

November 11, 2021

 

 London Stock Exchange

 London

 

Dear Madam, Sirs,

 

Sub: 'Effective Date' of the Composite Scheme of Amalgamation of Bamnipal
Steel Limited and Tata Steel BSL Limited (formerly Bhushan Steel Limited) into
and with Tata Steel Limited

 

This has reference to our disclosures dated October 29, 2021, November 2, 2021
and November 11, 2021.

 

The Composite Scheme of Amalgamation of Bamnipal Steel Limited ('BNPL') and
Tata Steel BSL Limited ('TSBSL') into and with Tata Steel Limited ('Scheme of
Amalgamation') was approved and sanctioned by the Hon'ble National Company Law
Tribunal, Mumbai bench vide Order dated October 29, 2021 ('NCLT Order').

 

We wish to inform you that the Company, BNPL and TSBSL (formerly Bhushan Steel
Limited) have in terms of Clause 25.1.6 of the Scheme of Amalgamation, filed
the Certified Copy of the NCLT Order, sanctioning the Scheme of Amalgamation
with the respective jurisdictional Registrar of Companies, today, i.e.,
November 11, 2021.  With this filing, the Company, BNPL and TSBSL have now
complied with all the conditions specified in Clause 25.1 of the Scheme of
Amalgamation.

 

Accordingly, in terms of Clause 3.1 read with Clause 1.9 of para III of Part I
of Scheme of Amalgamation, the captioned Scheme of Amalgamation has become
operative from today i.e., November 11, 2021 ('Effective Date').

 

This disclosure is being made in terms of Regulation 30 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

 

This is for your information and record.

 

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