March 1, 2023
London Stock Exchange
London
Dear Sir, Madam,
Sub: Acquisition of Non-convertible Redeemable Preference Shares of TRF Limited, aggregating to ₹74 crore
This is further to our disclosure dated June 8, 2022.
This is to inform you that Tata Steel Limited has on March 1, 2023, acquired 7,40,00,000
(Seven crore and forty lakh only) - 12.17% (effective yield) Non-cumulative, Non-convertible,
Non-participating, Redeemable Preference Shares ('NCRPS') of face value ₹10/- each of
TRF Limited, a listed associate company of Tata Steel Limited, aggregating to ₹74 crore
(NCRPS Series - 2), on private placement basis.
The details of the acquisition are given in Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/5703R_1-2023-3-1.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.
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