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Acquisition of equity stake

11th Apr 2022 07:00

RNS Number : 9282H
Tata Steel Limited
11 April 2022
 

April 11, 2022

 

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

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 April 11, 2022, acquired 32,63,70,757 equity shares of ₹10/- each at a premium of ₹9.15/- per share, of Tata Steel Mining Limited, a wholly-owned subsidiary of Tata Steel Limited, for an amount aggregating to approximately ₹625 crore (hereinafter referred to as the 'Transaction'). On completion of the above acquisition, Tata Steel Mining Limited 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/9282H_1-2022-4-11.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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