Tata Steel has informed that the company has, on April 11, 2022, acquired 32,63,70,757 equity shares of ?10 each at a premium of ?9.15 per share, of Tata Steel Mining, a wholly-owned subsidiary of the company, for an amount aggregating to approximately ?625 crore (hereinafter referred to as the ‘Transaction’). On completion of the above acquisition, Tata Steel Mining will continue to be a wholly-owned subsidiary of the Company. The relevant details with respect to the Transaction are enclosed in Annexure A. This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The above information is a part of company’s filings submitted to BSE.
