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Acquisition

1st Mar 2023 16:19

RNS Number : 5703R
Tata Steel Limited
01 March 2023
 

March 1, 2023

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

Sub: Acquisition of Non-convertible Redeemable Preference Shares of TRF Limited, aggregating to ₹74 crore

 

This is further to our disclosure dated June 8, 2022.

 

This is to inform you that Tata Steel Limited has on March 1, 2023, acquired 7,40,00,000 (Seven crore and forty lakh only) - 12.17% (effective yield) Non-cumulative, Non-convertible,Non-participating, Redeemable Preference Shares ('NCRPS') of face value ₹10/- each ofTRF Limited, a listed associate company of Tata Steel Limited, aggregating to ₹74 crore(NCRPS Series - 2), on private placement basis.

 

The details of the acquisition are given in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/5703R_1-2023-3-1.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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