Acquisition of equity stake in TSML

RNS Number : 0235P

Tata Steel Limited

15 June 2022

June 15, 2022

London Stock Exchange

London

Dear Sir, Madam,

Sub: Acquisition of equity stake in Tata Steel Mining Limited, wholly-owned subsidiary of Tata Steel Limited, on rights basis

This is to inform you that, Tata Steel Limited ('Company') has, on June 14, 2022, paid consideration for acquiring 1,04,75,196 equity shares of ₹10/- each at a premium of ₹9.15 per share, of Tata Steel Mining Limited, a wholly-owned subsidiary of the Company, for an amount aggregating to approximately ₹20.06 crore (hereinafter referred to as the 'Transaction'). Upon completion of the Transaction, Tata Steel Mining Limited will continue to be a wholly-owned subsidiary of the Company.

The relevant details of the transaction are enclosed in Annexure A.

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.

http://www.rns-pdf.londonstockexchange.com/rns/0235P_1-2022-6-15.pdf

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