14 Aug 2024 13:03
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August 14, 2024
London Stock Exchange
London
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Dear Madam, Sirs,
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Sub:Β Acquisition of equity stake in T Steel Holdings Pte. Ltd
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This is further to our disclosures dated May 29, 2024 and July 29, 2024.
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We wish to inform you that, Tata Steel Limited ('Company') has today i.e. August 14, 2024, acquired 115,92,35,669 ordinary equity shares of face value USD 0.157 each aggregating to ~USD 182 million (βΉ1,528.24 crore*) in T Steel Holdings Pte. Ltd ('TSHP'). Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the Company.
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This disclosure is being made in compliance with Regulation 30 read with Para A of Part A of Schedule III, Regulation 51 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
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* USD to INR exchange rate has been taken as βΉ83.9691 as published by RBI on August 12, 2024.
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