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Update on acquisition

12 Apr 2022 11:57

RNS Number : 1401I
Tata Steel Limited
12 April 2022
 

April 12, 2022

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Acquisition of entire stake held by Steel Authority of India Limited in S&T Mining Company Limited

 

This has reference to our disclosure dated April 6, 2022 regarding execution of a Share Purchase Agreement with Steel Authority of India Limited ('SAIL') for acquisition of the entire equity stake of SAIL (50%) held in S&T Mining Company Limited ('S&T Mining').

 

This is to inform you that, the Company has yesterday, i.e. April 11, 2022, completed the acquisition of the entire equity stake held by SAIL in S&T Mining.

 

This disclosure is being made in compliance with Regulation 30 of the SEBI (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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