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Updates on Acquisition

23rd Jun 2022 16:44

RNS Number : 0270Q
Tata Steel Limited
23 June 2022
 

June 23, 2022

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Completion of acquisition of equity stake in Rohit Ferro-Tech Limited by Tata Steel Mining Limited, a wholly-owned subsidiary of Tata Steel Limited

 

This has reference to our disclosure dated June 15, 2022, regarding the acquisition of 10% equity stake held by the Financial Creditors ('FCs') in Rohit Ferro-Tech Limited ('RFT') by Tata Steel Mining Limited ('TSML'), for an amount aggregating to approximately ₹20.06 crore (hereinafter referred to as the 'Transaction').

 

This is to inform you that, TSML has yesterday, i.e., June 22, 2022, completed the Transaction.

 

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

 

This is for your information and records.

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END
 
 
ACQUOSVRUUUNUAR

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