15th Jun 2022 14:57
June 15, 2022
London Stock Exchange
London
Dear Madam, Sirs,
Sub: Acquisition of equity stake in Rohit Ferro-Tech Limited by Tata Steel Mining Limited, a wholly-owned subsidiary of Tata Steel Limited
This is to inform you that, Tata Steel Mining Limited ('TSML'), a wholly-owned subsidiary of Tata Steel Limited has, on June 14, 2022, paid consideration for acquiring 10% equity stake held by the Financial Creditors in Rohit Ferro-Tech Limited ('RFT'), a subsidiary of TSML, for an amount aggregating to approximately ₹20.06 crore (hereinafter referred to as the 'Transaction'). Upon completion of the Transaction, RFT will become a wholly-owned subsidiary of TSML.
The relevant details with respect to the Transaction are enclosed in Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/0198P_1-2022-6-15.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.
Related Shares:
Tata Steel