The Exchange had sought clarification from Tata Steel with respect to news article appearing on CNBC-TV 18, moneycontrol website on August 6, 2015 titled ‘Tata group may buyout Tata Steels stake in Tata Motors, Tata Steel to undergo debt refinancing exercise to bring down interests costs’. Tata Steel replied stating that the news is speculative. The Company is committed to making disclosures to the regulators and the investing community at the appropriate time so as to eliminate any asymmetry of information. The Company has robust disclosure principles and follows a policy of not commenting on speculative news.
The above information is a part of company’s filings submitted to BSE.
