General Announcement::Scheme of Arrangement of TML and its shareholders and creditors

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
17-Sep-2024 20:07:51
Status
New
Announcement Sub Title
Scheme of Arrangement of TML and its shareholders and creditors
Announcement Reference
SG240917OTHRRD7R
Submitted By (Co./ Ind. Name)
Maloy Kumar Gupta
Designation
Company Secretary
Effective Date and Time of the event
17/09/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Further to the correspondences on the captioned subject matter and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, this is to inform you that in terms of the Scheme as well as Trust Deed, TML Securities Trust, has sold 1,14,97,462 New Ordinary Shares ( NOS ) on the Stock Exchanges today for the purpose of distribution of fractional share entitlement as well as towards tax liabilities, as per the Scheme.

The aforesaid intimation has been communicated to us today by Axis Trustee Services Limited, the Independent Trustee, which will now proceed to distribute sale proceeds in cash to the eligible A Ordinary Shareholders and credit the balance NOS as per entitlement to their respective demat accounts, shortly.

The Company will intimate the A Ordinary Shareholders individually as well as to the Stock Exchanges upon the distribution of cash as well as credit of NOS, as aforesaid.

Attachments

NSEBSELETTER.pdf
Total size =634K