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Acquisition

30th Aug 2022 14:06

RNS Number : 6265X

Tata Steel Limited

30 August 2022

August 30, 2022

London Stock Exchange

London

Dear Sir, Madam,

Sub: Acquisition of equity stake in Tata Steel Mining Limited, wholly-owned subsidiary of Tata Steel Limited, on preferential basis

This is to inform you that, Tata Steel Limited ('Company') has on August 29, 2022, acquired (on preferential basis) 2,81,98,433 equity shares of ₹10/- each at a premium of ₹9.15 per share of Tata Steel Mining Limited, a wholly-owned subsidiary of the Company, for an amount aggregating to approximately ₹54 crore.

The relevant details of the transaction are enclosed in Annexure A.

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

This is for your information and records.

http://www.rns-pdf.londonstockexchange.com/rns/6265X_1-2022-8-30.pdf

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