Tata Steel Ltd.
BSE: 500470 | NSE: TATASTEEL
Large Cap | Steel & Iron Products
185.20
-0.05 (-0.03%) Tata Steel informs about updates
Date: 07-06-2021Tata Steel has informed that Tata Steel Mining (‘TSML’), a wholly owned subsidiary of Tata Steel has been declared as the successful resolution applicant by the Committee of Creditors for acquisition of Rohit Ferro-Tech (‘RFT’) on June 5, 2021, subject to it obtaining necessary regulatory approvals including approval from the National Company Law Tribunal (‘NCLT’). TSML has accepted the Letter of Intent (LoI) for acquisition of RFT under the Corporate Insolvency Resolution Process (‘CIRP’) of the Insolvency and Bankruptcy Code 2016 (‘IBC’). This disclosure is being made in compliance with Regulation 30(6) 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.