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BSE SENSEX
74,074.20
+335.75
+0.46 %
Corporate Announcement
Security Code
890144
Company
Tata Steel Ltd
Exchange Received Time
19/10/2018 23:07:25
Exchange Disseminated Time
19/10/2018 23:07:28
Time Taken
00:00:03
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment |
10/19/2018 11:07:26 PM
Sub: Sale of Indirect Subsidiary, Black Ginger 461 Pty Ltd
This is to inform you that a wholly owned indirect subsidiary of the Company, viz, TS Global Minerals Holdings Pte Ltd, on October 18, 2018, entered into an agreement to divest its entire stake in its wholly owned step down subsidiary Black Ginger 461 Pty Ltd ('BG') which in turn holds 64% in Sedibeng Iron ore Pty Ltd, South Africa ('SeIO') which is the operating company. The stake has been divested to IMR Asia Holding Pte Ltd which is a group company of IMR Metallurgical Resources AG ('IMR'), a global metals and mining group headquartered in Switzerland, and a leading supplier of raw materials to the steel industry.
This disclosure is made in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
This is for your information and records.
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