Tata Steel Regulatory News (TTST)

1

The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during last Financial Year

Revenue for FY19:

NSV: ₹453 crore (0.29%)

Net Worth as at March 31, 2019:

NSV: ₹65 crore (0.09%)

2

Date on which the agreement for sale has been entered into

November 4, 2019

3

The expected date of completion of sale / disposal

2 weeks

4

Consideration received from such sale / disposal

~ SGD 7 million (~ ₹36 crore) for sale of 56.5% stake held by NSH in NSV

5

Brief details of buyers and whether any of the buyers belong to the Promoter / Promoter Group/ Group Companies. If yes, details thereof;

The buyer is a Vietnam based company Thai Hung Trading Joint Stock Company having its head office at Group 14, Gia Sang, Thai Nguyen City, Thai Nguyen Province, Vietnam.

Thai Hung is a multidisciplinary-operated company, specializing in 3 main business:

1. Production: Produce steel billets, steel formwork, forest products processing, construction;

2. Business: construction steel, steel billets, metal scrap, cultural books, forest products;

3. Investment: Education, real estate

Buyer does not belong to the Promoter / Promoter Group/ Group Companies.

6

Whether the transaction would fall within Related Party Transaction? If yes, whether the same is done at "arms length"

No

7

Additionally, in case of a slump sale, indicative disclosures provided for amalgamations / merger, shall be disclosed by the listed entity with respect to such slump sale.

Not Applicable