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NOTICES
Notice No.   20211109-45   Notice Date   09 Nov 2021
Category   Corporate Actions   Segment   Equity
Subject   Amalgamation of Tata Steel BSL Limited (Scrip Code: 500055).
 
Content

Trading members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Amalgamation between Tata Steel BSL Limited (“TS BSL”) and  Bamnipal Steel Limited ("BSL") with Tata Steel Limited (“TSL”)  , as sanctioned by the Hon’ble National Company Law Tribunal, Mumbai, TS BSL has fixed Record Date to determine the entitlement of shareholders of TS BSL  to equity shares of Tata Steel Limited.

Trading Members are advised not to deal in the equity shares of Tata Steel BSL Limited with effect from the under mentioned date:

COMPANY NAME 

CODE

RECORD DATE

PURPOSE

NO DEALINGS

FROM

W.E.F.

Tata Steel BSL Limited

(500055)

16/11/2021

As per the Composite Scheme of Amalgamation: -

Upon coming into effect of the Scheme, and in consideration of the Amalgamation of TS BSL into TSL, TSL shall without any further application, act, instrument or deed, issue and allot to all the equity shareholders  of TS BSL whose names appear in the register of members as on the Record Date, fully paid up equity shares, in the following share exchange ratio ("Share Exchange Ratio"):

1 (One) equity share of 1NR 10/- each credited as fully paid-up of  TSL for every 15 (Fifteen) equity shares of 1NR 2/- each fully paid-up held by such equity shareholder in TS BSL.

15/11/2021

DR-156/2021-2022

 Trading Members of the Exchange are requested to take note of it.

 

Mangesh Tayde

Assistant General Manager – Listing Operations (CRD)

November 09, 2021