REG - Tata Steel Limited - Tata Steel Mining- resolutn applicnt-RohitFerroTec

TATA SteelAnnouncement

07/06/2021 07:06

RNS Number : 9526A
  
Tata Steel Limited
  
07 June 2021
  
 

June 6, 2021
 
London Stock Exchange
London
 
Dear Madam, Sirs,
 
Sub: Tata Steel Mining Limited identified as the successful
resolution applicant for acquisition of Rohit Ferro-Tech Limited
 
This is to inform you that Tata Steel Mining Limited ('TSML'), a wholly owned subsidiary of Tata Steel Limited has been declared as the successful resolution applicant by the Committee of Creditors for acquisition of Rohit Ferro-Tech Limited ('RFT') on June 5, 2021, subject to it obtaining necessary regulatory approvals including approval from the National Company Law Tribunal ('NCLT").
 
TSML has accepted the Letter of Intent (LoI) for acquisition of RFT under the Corporate Insolvency Resolution Process ('CIRP') of the Insolvency and Bankruptcy Code 2016 ('IBC').
 
This disclosure is being made in compliance with Regulation 30(6) 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 or visit 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.
 
  END
 
 
MSCUPUQCQUPGGAQ