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Tata Steel Mining- resolutn applicnt-RohitFerroTec

7th Jun 2021 07:00

RNS Number : 9526A
Tata Steel Limited
07 June 2021
 

June 6, 2021

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Tata Steel Mining Limited identified as the successful

resolution applicant for acquisition of Rohit Ferro-Tech Limited

 

This is to inform you that Tata Steel Mining Limited ('TSML'), a wholly owned subsidiary of Tata Steel Limited has been declared as the successful resolution applicant by the Committee of Creditors for acquisition of Rohit Ferro-Tech Limited ('RFT') on June 5, 2021, subject to it obtaining necessary regulatory approvals including approval from the National Company Law Tribunal ('NCLT").

 

TSML has accepted the Letter of Intent (LoI) for acquisition of RFT under the Corporate Insolvency Resolution Process ('CIRP') of the Insolvency and Bankruptcy Code 2016 ('IBC').

 

This disclosure is being made in compliance with Regulation 30(6) 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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