General Announcement::Sale and transfer of the Global Delivery Centre / Process Shared Service business of the Company

Issuer & Securities

Issuer/ Manager: TATA MOTORS LIMITED
Securities: TATA MOTORUS$500M4.625%N200430 - XS1121907676 - 19RB
TATA MOTORUS$250M5.75%N241030 - XS1121908211 - 19SB
TATA MOTORUS$300M5.875%N250520 - XS2079668609 - FGLB
Stapled Security: No

Announcement Title: General Announcement
Date &Time of Broadcast: 30-Apr-2020 23:32:25
Status: New
Announcement Sub Title: Sale and transfer of the Global Delivery Centre / Process Shared Service business of the Company
Announcement Reference: SG200430OTHRTZ0V
Submitted By (Co./ Ind. Name): Hoshang K Sethna
Designation: Company Secretary
Effective Date and Time of the event: 30/04/2020 17:00:00
Description (Please provide a detailed description of the event in the box below): Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform the Stock Exchanges that the Company has executed a business transfer agreement with TML Business Services Limited, a subsidiary of the Company dated April 30, 2020 for the sale and transfer of the Global Delivery Centre / Process Shared Service business ( GDC Business ) of the Company as a going concern and on a slump sale basis for a lump sum consideration of 10.3 crores. Post the acquisition, TML Business Services Limited would provide outsourced business process and knowledge based services to Tata Motors Limited and other companies.

Enclosed in Annexure I to this letter are disclosures pursuant to Regulation 30 of the Listing Regulations read with the SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 for sale and transfer of the GDC Business as mentioned above.

This is for the information of the exchange and the members.

Total size =277K