General Announcement::TPG has subscribed to 3, 75,00,000 CCPS in Tata Passenger Electric Mobility Limited

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Mar-2022 22:07:56
Status
New
Announcement Sub Title
TPG has subscribed to 3, 75,00,000 CCPS in Tata Passenger Electric Mobility Limited
Announcement Reference
SG220330OTHRXADN
Submitted By (Co./ Ind. Name)
Tata Motors Limited
Designation
Senior Manager
Effective Date and Time of the event
30/03/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
Please refer to the disclosures made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") on October 12, 2021 (Sc. No: 16533) and December 22, 2021 (Sc. No: 16598) relating to the Securities Subscription Agreement dated October 12, 2021 ("Agreement") executed by Tata Motors Limited ("the Company") with TPG RISE Climate TopGun Pte. Ltd. ("TPG"), a private equity fund, for a potential investment aggregating to Rs. 7,500 crore ("Proposed Transaction") and incorporation of a wholly owned subsidiary of the Company, viz., Tata Passenger Electric Mobility Limited ("Subsidiary"). Further to the aforesaid disclosures, we hereby wish to inform you that pursuant to the Agreement, TPG has subscribed to 3, 75,00,000 Compulsorily Convertible Preference Shares of the face value of Rs. 1 ,000/- each in the Subsidiary ("Tranche I Investor Securities") on March 30, 2022, for an aggregate consideration of Rs.3750,00,00,000/- as the first tranche of the Proposed Transaction.

Attachments

nsebse.pdf
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