REG - Tata Steel Limited - Public announcement for Open Offer

Fri Jun 15, 2012 9:48am EDT

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RNS Number : 4996F
Tata Steel Limited
15 June 2012
 



 

London Stock Exchange

London

15.06.2012

 

 We wish to inform you about the Public Announcement for Voluntary Open Offer ("Offer") for acquisition of upto 1,734,040 equity shares of face value of Rs. 10 each ("Equity Shares") from the shareholders of Tata Sponge Iron Limited (the "Target Company") by Tata Steel Limited ("Acquirer")

Dear Sir,

Pursuant to and in compliance with Regulation 6(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, and subsequent amendments thereto, Acquirer is making a Voluntary Open Offer for acquisition of 1,734,040 Equity Shares at a price of Rs. 375 per share from the shareholders of the Target Company. The total consideration for the Offer is Rs. 65,02,65,000 (Rupees Sixty Five Crore Two Lakh and Sixty Five Thousand only), which is payable in cash.

 


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