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Acquisition

24th Mar 2023 12:57

RNS Number : 1979U
Tata Steel Limited
24 March 2023
 

March 24, 2023

 

London Stock Exchange

London

 

Dear Sir(s), Madam,

 

Subject: Acquisition of equity stake in Tata Steel Utilities and Infrastructure Services Limited, wholly-owned subsidiary Company, on Rights basis

 

This is to inform you that, on March 23, 2023, Tata Steel Limited ('Company') has acquired 4,65,116 equity shares of ₹10/- each at a premium of ₹205/- per share of Tata Steel Utilities and Infrastructure Services Limited ('TSUISL'), a wholly owned subsidiary of the Company, on Rights basis, for an amount aggregating to approximately ₹10 crore (hereinafter referred to as the 'Transaction'). Consequent to the completion of the Transaction, TSUISL continues to be a wholly owned subsidiary of the Company.

 

The relevant details of the Transaction are enclosed in Annexure I.

http://www.rns-pdf.londonstockexchange.com/rns/1979U_1-2023-3-24.pdf

 

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. 

 

 

 

 

 

 

 

 

 

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ACQEAADLASLDEFA

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