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Acquisition

30 Mar 2022 15:53

RNS Number : 6480G
Tata Steel Limited
30 March 2022
 

March 30, 2022

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

Sub: Acquisition of 117,00,00,000 - 0.01% Non-Convertible Redeemable Preference Shares of Tata Steel Long Products Limited, aggregating to ₹11,700 crore

 

We refer to our letter dated March 17, 2022.

 

This is to inform you that Tata Steel Limited has today, i.e., March 30, 2022, acquired 117,00,00,000 - 0.01% Non-Convertible Redeemable Preference Shares ('NCRPS') of face value ₹100/- each of Tata Steel Long Products Limited, aggregating to ₹11,700 crore('Tranche 2').

 

The details of the acquisition are given in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/6480G_1-2022-3-30.pdf

 

This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (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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