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Acquisition

23rd Mar 2023 14:13

RNS Number : 0577U
Tata Steel Limited
23 March 2023
 

March 23, 2023

 

London Stock Exchange

London

 

Dear Madam, Sir(s),

 

Sub: Acquisition of equity stake in Tata Steel Advanced Materials Limited, awholly owned subsidiary company

 

This is to inform you that, Tata Steel Limited ('Company') has on March 22, 2023, acquired the balance 1,35,29,959 equity shares of ₹10/- each, at a premium of ₹2.81 per share (total ₹12.81 per share), of Tata Steel Advanced Materials Limited ('TSAML'), an indirectwholly owned subsidiary of the Company, from Tata Steel Downstream Products Limited ('TSDPL'), a direct wholly owned subsidiary of the Company, for an amount aggregating to approximately ₹17.33 crore (together referred to as 'Transaction'). Consequent to the Transaction, TSAML has become a direct wholly owned subsidiary of the Company.

 

The relevant details of the above-mentioned Transaction are enclosed in Annexure A.http://www.rns-pdf.londonstockexchange.com/rns/0577U_1-2023-3-23.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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END
 
 
ACQEALDDAENDEFA

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