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Acquisition

28th Dec 2022 13:56

RNS Number : 1131L
Tata Steel Limited
28 December 2022
 

December 28, 2022

 

London Stock Exchange

Singapore

 

Dear Madam, Sirs,

 

Sub: Acquisition of equity stake in Tata Steel Advanced Materials Limited, a wholly owned subsidiary of Tata Steel Limited, on preferential basis

 

This is to inform you that, Tata Steel Limited ('Company') has, on December 27, 2022, acquired 1,15,45,667 equity shares of ₹10/- each at an issue price of ₹12.81 per share (including a premium of ₹2.81 per share), of Tata Steel Advanced Materials Limited ('TSAML'), for an amount aggregating to approximately ₹14.80 crore (hereinafter referred to as the 'Transaction'). On completion of the above acquisition, TSAML will continue to be a wholly owned subsidiary of the Company.

 

The relevant details with respect to the Transaction are enclosed in Annexure A.http://www.rns-pdf.londonstockexchange.com/rns/1131L_1-2022-12-28.pdf

 

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.

 

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END
 
 
ACQEADAPASLAFFA

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