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Acquisition of equity stake

25th May 2022 16:16

RNS Number : 8197M

Tata Steel Limited

25 May 2022

May 25, 2022

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Acquisition of equity stake in Tata Steel Downstream Products Limited, awholly owned subsidiary of Tata Steel Limited, on preferential basis

This is to inform you that, Tata Steel Limited ('Company') has, on May 24, 2022, acquired 3,55,871 equity shares of ₹10/- each at a premium of ₹130.50 per share, of Tata Steel Downstream Products Limited, a wholly owned subsidiary of the Company, for an amount aggregating to ₹5 crore, for a cash consideration (hereinafter referred to as the 'Transaction').

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

http://www.rns-pdf.londonstockexchange.com/rns/8197M_1-2022-5-25.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

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