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'Effective Date' of the Scheme of Amalgamation

1st Sep 2023 10:40

RNS Number : 1354L
Tata Steel Limited
01 September 2023
 

September 1, 2023

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Subject: 'Effective Date' of the Scheme of Amalgamation of Tata Steel Mining Limited into and with Tata Steel Limited

 

This has reference to our disclosures dated August 9, 2023 and August 14, 2023.

 

The Scheme of Amalgamation of Tata Steel Mining Limited ('TSML') into and with Tata Steel Limited ('Company') ('Scheme of Amalgamation'), was approved and sanctioned by the Hon'ble National Company Law Tribunal, Cuttack Bench vide Order datedAugust 8, 2023 ('NCLT Order').

 

We wish to inform you that the Company and TSML have in terms of Clause 9.1(h) read with Clause 21 of the Scheme of Amalgamation, filed the certified copy of the NCLT Order, sanctioning the Scheme of Amalgamation with the respective jurisdictional Registrar of Companies today, i.e., September 1, 2023. With this filing, the Company and TSML have now complied with all the conditions specified in Clause 9.1 read with Clause 21 of the Scheme of Amalgamation.

 

Accordingly, in terms of Clause 8.1 read with Clause 9.1(h) of Part I of the Scheme of Amalgamation, the captioned Scheme of Amalgamation has become operative and effective from today i.e., September 1, 2023 ('Effective Date').

 

This disclosure is being made in terms of 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 record.

 

 

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