Acquisition

Tata Steel Limited

27 July 2023

 

July 27, 2023

London Stock Exchange

London

Dear Madam, Sir(s),

Sub:    Acquisition of equity stake in Tata Steel Advanced Materials Limited, a
wholly-owned subsidiary company

This is to inform you that, Tata Steel Limited ('Company') has today, i.e. on July 27, 2023  acquired 1,40,51,522 equity shares of face value ₹10/- each, at a premium of ₹2.81 per share (total ₹12.81 per share), of Tata Steel Advanced Materials Limited ('TSAML'), a wholly-owned subsidiary of the Company, for an amount aggregating to approximately ₹17.99 crore (referred to as 'Transaction').

The relevant details of the above-mentioned Transaction are enclosed in Annexure A.

This disclosure is made in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

This is for your information and records.

http://www.rns-pdf.londonstockexchange.com/rns/4777H_1-2023-7-27.pdf

 

END