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Date
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Announcement
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29-May-2023
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Tata Steel announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 June 2023 .
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03-May-2023
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Tata Steel announced that the Board of Directors of the Company at its meeting held on 02 May 2023, has recommended a Final dividend of Rs.3.60 per share (i.e.360%), subject to the approval of the shareholders.
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15-Apr-2023
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Tata Steel will hold a meeting of the Board of Directors of the Company on 2 May 2023.
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24-Mar-2023
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Tata Steel has acquired 4,65,116 equity shares of Rs 10/- each at a premium of Rs 205/- per share of Tata Steel Utilities and Infrastructure Services (TSUISL), a wholly owned subsidiary of the Company,
on Rights basis, for an amount aggregating to approximately Rs 10 crore. Consequent to the completion of the Transaction, TSUISL continues
to be a wholly owned subsidiary of the Company.
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18-Mar-2023
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Tata Steel has approved the conversion of 31,658 partly paid-up equity shares into fully paid-up shares of the Company. The partly paid-up shares were of face value Rs10 each (Rs 2.504 paid-up) on which the first and final call money of Rs 461 per share (comprising face value of Rs 7.496 per share and securities premium of Rs 453.504 per share) has been received.
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17-Mar-2023
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Tata Steel has on 16 March 2023, acquired 1,55,34,738 equity shares of Rs 10/- each at an issue price of Rs 12.81 per share (including a premium
of Rs 2.81 per share), of Tata Steel Advanced Materials (TSAML), a wholly owned subsidiary of the Company, for an amount aggregating to approximately Rs 19.90 crore (hereinafter referred to as the ‘Transaction'). On completion of the above acquisition, TSAML will continue to be a wholly owned subsidiary of Tata Steel.
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02-Mar-2023
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Tata Steel has on 01 March 2023, acquired 7,40,00,000 - 12.17% (effective yield) Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares (NCRPS) of face value Rs 10/- each of
TRF, a listed associate company of Tata Steel, aggregating to Rs 74 crore
(NCRPS Series - 2), on private placement basis.
This capital infusion is to assist TRF in meeting its additional working capital requirements, repayment/prepayment of the whole or a part of the existing indebtedness of TRF (including to financial or
operational creditors) and/or for other general corporate purposes.
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27-Feb-2023
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Tata Steel has allotted 215,000 - 8.03% fixed rate, unsecured, redeemable, rated, listed, NCDs having face value of Rs 1 lakh each, for cash, aggregating Rs 2150 crore for a tenor of 5 years on private placement basis on 27 February 2023.
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23-Feb-2023
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Tata Steel has, on 21 February 2023, acquired 4,68,75,000 equity shares of Rs 10/- each at a premium of Rs 54/- per share, of Neelachal Ispat Nigam (NINL), an unlisted indirect subsidiary of the Company, for an
amount aggregating to Rs 300 crore being Tranche 1 of the investment in the equity shares of NINL.
The proposed funding will be utilized towards the working capital and capex requirement of NINL including start-up of iron and steel plant at
Kalinganagar, repayment/prepayment of liabilities and for other general corporate purposes.
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16-Feb-2023
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Tata Steel will hold a meeting of the Board of Directors of the Company on 20 February 2023.
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