General Announcement::Proposed Merger of Tata Motors Finance Limited, a step down subsidiary of TML with Tata Capital Ltd

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
05-Jun-2024 17:51:58
Status
New
Announcement Sub Title
Proposed Merger of Tata Motors Finance Limited, a step down subsidiary of TML with Tata Capital Ltd
Announcement Reference
SG240605OTHRCYMP
Submitted By (Co./ Ind. Name)
Maloy Kumar Gupta
Designation
Company Secretary
Effective Date and Time of the event
05/06/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulations 30 and 51 read with Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), we wish to inform you that the Board of Directors of Tata Motors Finance Limited ( TMFL ), a step down wholly owned subsidiary of the Company and the Board of Directors of Tata Capital Limited ( TCL ) have, at their respective Board Meetings held today, i.e., June 4, 2024, approved the Scheme of Arrangement ( the Scheme ) amongst TMFL and TCL and their respective shareholders under Sections 230 to 232 read with Section 52 and Section 66 and other applicable provisions of the Companies Act, 2013 and other applicable laws, which, inter alia, provides for (a) amalgamation of TMFL with and into TCL; (b) reduction of securities premium account of TCL.
The Scheme is, inter alia, subject to the sanction of the Hon ble National Company Law Tribunal ( NCLT ), requisite approvals of respective shareholders and creditors of TMFL and TCL, as applicable and as may be directed by the NCLT and requisite regulatory/statutory approvals (including that of the Reserve Bank of India and Stock Exchanges).

Attachments

NSEBSELETTER.pdf
Total size =501K