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Acquisition

14th Dec 2020 15:50

RNS Number : 6072I
Tata Steel Limited
14 December 2020
 

December 14, 2020

 

London Stock Exchange

London

 

 

Dear Madam, Sirs,

 

Sub: Acquisition of additional equity stake of 4.32% in Tata Steel Minerals Canada Ltd. ('TSMC')

 

This is to inform you that T S Global Minerals Holdings Pte Ltd. ('TSGMH') and TSMUK Limited ('TSMUK'), indirect subsidiaries of Tata Steel Limited ('TSL'/'the Company') have concluded the following cashless transaction:

 

1. New Millennium Iron Corp. (NML) has transferred its entire interest i.e. 4.32% in TSMC (an indirect subsidiary of TSL) to TSMUK;

2. NML has purchased for cancellation, TSGMH's entire interest i.e. 47,402,908 common shares (26.18%) held in NML.

 

The relevant details with respect to TSL's indirect acquisition of 4.32% stake in TSMC are given in Annexure.

 

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

This is for your information and records.

 

http://www.rns-pdf.londonstockexchange.com/rns/6072I_1-2020-12-14.pdf

 

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