Tata Steel Long Products : Communication to shareholders as per Reg 30

TSLPL/SE/2022-23/55

October 13, 2022

The Secretary, Listing Department	The Manager - Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	"Exchange Plaza", 5th Floor, Plot No. C/1,
Dalal Street	G Block, Bandra-Kurla Complex,
Mumbai 400 001	Bandra (East), Mumbai 400 051
Scrip Code: 513010	Symbol: TATASTLLP

Sub: Acquisition of equity stake in Neelachal Ispat Nigam Limited, subsidiary of Tata Steel Long Products Limited

This is to inform you that, Tata Steel Long Products Limited ('Company') has, on October 12, 2022, acquired 4,68,75,000 equity sharesof ₹10/- each ata premium of ₹54 per share, of Neelachal Ispat Nigam Limited, a subsidiary of the Company, for an amount aggregating to ₹300 crore (hereinafter referred to as the 'Transaction').

The relevant details of the transaction are enclosed in Annexure A.

This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.

Thanking you.

Yours faithfully,

Tata Steel LongProducts Limited

SANKAR BHATTAC HARYA

Digitally signed by SANKAR BHATTACHARYA Date: 2022.10.13 20:41:44 +05'30'

Sankar Bhattacharya

Company Secretary and Compliance Officer

Encl. as above

PO Joda Dist Keonjhar Odisha 758 034 India

Tel [phone] Fax 278129 Email [e-mail]

CIN L27102OR1982PLC001091

						ANNEXURE A
SN			Particulars			Details
							Neelachal Ispat Nigam Limited ('NINL') is a
							subsidiary of Tata Steel Long Products Limited
							('TSLP').
							Neelachal Ispat Nigam Limited has a 1.1 mtpa
							integrated iron and steel plant at Kalinganagar
							Odisha, along with iron ore mines with a reserve
	Name of the target entity, details in	of ~90 MT.
1.	brief such as size, turnover etc.
							The turnover/revenue of NINL for the previous
							three financial years are as below:
							FY2021-22: Rs.257.58crore
							FY2020-21:Rs.28.25 crore
							FY2019-20:Rs.941.07 crore
	Whether the acquisition would fall	Yes. NINL is a subsidiary of the Company
	within related party transaction(s)
	and whether	the	promoter/	The Transaction has been carried out in
2.	promoter group/ group	companies	compliance with all applicable laws.
	have any interest in the entity being
	acquired? If yes, nature of interest
	and details thereof and whether the
	same is done at "arm's length"
3.	Industry	to	which	the entity	Manufacturing of Iron and Steel business
being acquired belongs;
							The Company has subscribed to 4,68,75,000
	Objects and	effects of	acquisition	equity shares of NINL aggregating to ₹300 crore.
	(including		but	not	limited	to,	The proposed funding will be utilized towards the
	disclosure of reasons for acquisition
4.	initial working capital and capex requirement of
of target	entity,	if its business	is
	the Company including start-up of iron and steel
	outside the main line of business of
	plant at Kalinganagar, repayment/prepayment of
	the listed entity);
				liabilities and for other general corporate
							purposes.
					PO Joda Dist Keonjhar Odisha 758 034 India
				Tel [phone] Fax 278129 Email [e-mail]
					CIN L27102OR1982PLC001091

	Brief details of any governmental or		None
5.	regulatory approvals required for
	the acquisition;
6.	Indicative	time	period	for		TSLP has acquired 4,68,75,000 equity shares of
	completion of the acquisition;
			face value of ₹10/- each at a premium of ₹54 per
						share of NINL for an aggregate value of ₹300
						crore on October 12, 2022
	Nature of consideration - whether		Cash consideration
7.	cash consideration or	share	swap
	and details of the same;
8.	Cost of acquisition or the price at		₹300 crore
	which the shares are acquired;
	Percentage of shareholding/ control
	Equity Shareholding of Tata Steel Long
9.	acquired and / or number of shares			Products Limited
	acquired;					in Neelachal Ispat Nigam Limited
						Pre-acquisition	Post-acquisition
						Nos.	%	Nos.		%
						117,84,04,741	95.65	122,52,79,735		95.81
						NINL is a subsidiary of TSLP.
						NINL was incorporated on March 27, 1982, to set-
						up an integrated steel plant to undertake
						manufacturing and sale of steel products.
	Brief background about the entity		NINL initially set up a 1.1 MTPA blast furnace in
	acquired in termsof products/line of		2002 to produce pig iron. Subsequently, other
	business acquired, date of			supporting facilities like sinter plant, coke oven
10.	incorporation, history of last 3 years
	plant, power plant, etc. were commissioned.
	turnover, country in which the
	acquired entity has presence and any		The turnover/revenue of NINL for the previous
	other significant information (in
	brief);					three financial years are as below:
						FY2021-22: Rs.257.58crore
						FY2020-21: Rs.28.25 crore
						FY2019-20: Rs.941.07 crore

PO Joda Dist Keonjhar Odisha 758 034 India

Tel [phone] Fax 278129 Email [e-mail]

CIN L27102OR1982PLC001091