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On June 14, 2022, Tata Steel Mining Limited (TSML), a wholly-owned subsidiary of Tata Steel Limited, paid approximately ₹20.06 crore to acquire a 10% equity stake in Rohit Ferro-Tech Limited (RFT) from Financial Creditors. Upon completion of this transaction, RFT will become a wholly-owned subsidiary of TSML.
| Date | 15 Jun 2022 |
| Time | 14:57:12 |
| Category | Acquisitions and alliances |
| ID | 0198P |
June 15, 2022
London Stock Exchange
London
Dear Madam, Sirs,
This is to inform you that, Tata Steel Mining Limited ('TSML'), a wholly-owned subsidiary of Tata Steel Limited has, on June 14, 2022, paid consideration for acquiring 10% equity stake held by the Financial Creditors in Rohit Ferro-Tech Limited ('RFT'), a subsidiary of TSML, for an amount aggregating to approximately ₹20.06 crore (hereinafter referred to as the 'Transaction'). Upon completion of the Transaction, RFT will become a wholly-owned subsidiary of TSML.
The relevant details with respect to the Transaction are enclosed in Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/0198P_1-2022-6-15.pdf
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.