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Completion sale of equity in NatSteel Vina Co. Ltd

15 Nov 2019 13:07

RNS Number : 6223T
Tata Steel Limited
15 November 2019
 

 

 

November 15, 2019

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Sale of equity shares in NatSteel Vina Co. Ltd. (NSV)

 

This is further to our disclosure dated November 4, 2019 regarding execution of definitive agreements by NatSteel Holdings Pte. Ltd. (NSH) (a step-down subsidiary of Tata Steel) with a Vietnam based company Thai Hung Trading Joint Stock Company to divest its entire equity stake held in NSV (56.5%).

 

This is to inform you that NSH has today concluded the sale of equity shares in NSV and NSV ceases to be a related party to NSH.

 

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

 

This is for your information and records.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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