REG - Tata Steel Limited - Updates on Acquisition

TATA SteelAnnouncement

23/06/2022 16:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220623:nRSW0270Qa&default-theme=true

RNS Number : 0270Q  Tata Steel Limited  23 June 2022

June 23, 2022

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Completion of acquisition of equity stake in Rohit Ferro-Tech Limited by Tata Steel Mining Limited, a wholly-owned subsidiary of Tata Steel Limited

 

This has reference to our disclosure dated June 15, 2022, regarding the
acquisition of 10% equity stake held by the Financial Creditors ('FCs') in
Rohit Ferro-Tech Limited ('RFT') by Tata Steel Mining Limited ('TSML'), for an
amount aggregating to approximately ₹20.06 crore (hereinafter referred to as
the 'Transaction').

 

This is to inform you that, TSML has yesterday, i.e., June 22, 2022, completed
the Transaction.

 

This disclosure is being made in compliance with Regulation 30 of the SEBI
(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  ACQUOSVRUUUNUAR