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Board of Tata Steel approves allotment of 1.82 cr equity shares under scheme of amalgamation

Capital Market 

At meeting held on 23 November 2021

The Board of Tata Steel on 23 November 2021 has approved allotment of 1,82,23,805 fully paid-up equity shares of Tata Steel of face value Rs 10 each, to eligible shareholders of Tata Steel BSL (TSBSL) (as on the record date of 16 November 2021 ), in the share exchange ratio of 1:15 as provided in the Composite Scheme of Amalgamation as approved by National Company Law Tribunal (NCLT), Mumbai Bench vide order dated 29 October 2021. These shares are proposed to be listed and traded on BSE and National Stock Exchange of India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, November 23 2021. 13:43 IST