February 1, 2023
London Stock Exchange
London
Dear Sir, Madam,
Sub: Acquisition of equity stake in Tata Steel Utilities and Infrastructure Services Limited, wholly-owned subsidiary company
This is to inform you that, on January 31, 2023, Tata Steel Limited ('Company') has acquired 26,97,674 equity shares of ₹10/- each at a premium of ₹205/- per share, of Tata Steel Utilities and Infrastructure Services Limited ('TSUISL'), a wholly-owned subsidiary of the Company, on Rights basis, for an amount aggregating to ₹58 crore (hereinafter referred to as the 'Transaction'). Upon completion of the Transaction, TSUISL continues to be a wholly-owned subsidiary of the Company.
The relevant details of the Transaction are enclosed in Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/6334O_1-2023-2-1.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.
This is for your information and records.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
