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  • Press Coverage Regarding A Potential Management Buy Out Bid For Tata Steel UK (Company Update)

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    Shyam Sunder
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    Press coverage regarding a potential Management Buy Out bid for Tata Steel UK [Company Update]

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    12 views3 pages

    Press Coverage Regarding A Potential Management Buy Out Bid For Tata Steel UK (Company Update)

    Uploaded by

    Shyam Sunder

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 3
    TATA ‘Api 20, 2016 ‘The Secretary, Listing Department ‘The Manager, Listing Department BSE Lites National Stock Exchange of india Limited Phiroze Jesjeebhoy Towers, Exchange Plaza, Sth Foor, Plt No. C/1, Dalal Street, (G Block, Bandra-Kurla Complex, Bandra (E), Mumbai 460 001, Mumbai - 400 051 Maharashir, India, Maharashtra, India, Sezip Code: 600470 ‘Symbol TATASTEEL Dear SirsiMadam, ‘Sub: Press Rolease Please find enclosed the press release tiled “Press coverage regarding @ potential ‘Management Buy Out bid for Tata Stoel UK ‘This disclosure is made in compliance with regulation 20 of the Securties and Exchange Board af India (Listing Obligations and Disclosure Requirements) Regulations, 205. ‘This is for your information and record, Yours fathuly, Tata Steel Limited Vraaeeces— Parvatheesam K Company Secretary ‘TATA STEEL LIMITED TATA STEEL TATA a ee eee 20 April 201 Press coverage regarding a potential Management Buy Out bid for Tata Steel UK “Tala Steel Europe has noted the current press coverage regarding a potential Management ‘Buy Out bs for Tata Stee! UK ‘As previously announced, following the Board meeting of Tata Steel Limited on March 29" ‘and on numerous occasions since that date, Tata Steel Europe is engaged in a process to seek strategic alternatives for Tata Stee's UK operations. To deliver greater clarity forall key stakeholders such as employees, customers and suppliers, Tata Stoel Europe is commited to seeking all credibie options in an urgent manner. ‘As announced on Monday 16” Api this process had already resulted in the advisers to Tata ‘Steel Europe beginning the inal exploration of interest in Tata Steel's UK operations with 190 potential nancial and industrial investors worlwide, More detalled information sharing ‘ill commence this week as the process moves into the confidential phase, ‘ata Stee! Europe welcomes credible expressions of intrest for Tata Stoe's UK operations 'tis our policy that we are not naming, confiming or commenting on any potently interested investor or bidder at this point. All expressions of interest, including any Management Buy Out proposals, wil be considered when received, Inthe interests ofall stakeholders every

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