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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