General Announcement::Disclosure in terms of Regulation 30 of SEBI Listing Regulations

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
12-Oct-2021 20:08:28
Status
New
Announcement Sub Title
Disclosure in terms of Regulation 30 of SEBI Listing Regulations
Announcement Reference
SG211012OTHR7HTA
Submitted By (Co./ Ind. Name)
Tata Motors Limited
Designation
Senior Manager
Effective Date and Time of the event
12/10/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations, we hereby wish to inform you that the Board of Directors ( Board ) of Tata Motors Limited ( Tata Motors / Company ) at its meeting held today, i.e., on October 12, 2021, inter alia, has accorded its approval for:

(a) incorporation of a wholly owned subsidiary in the name as may be approved by the Ministry of Corporate Affairs, Government of India ( TML EVCo ), to undertake its passenger electric mobility business;

(b) execution of a Securities Subscription Agreement ( Agreement ) with India Markets Rio Pte Ltd, an entity affiliated with TPG Rise Climate (the climate investing strategy of TPG s global impact investing platform TPG Rise) ( TPG Rise Climate ), in connection with an aggregate investment of INR 7,500 crores by TPG Rise Climate in TML EVCo (the Proposed Transaction ); and

(c) authorizing Directors and Officials of the Company to negotiate, finalise, execute and deliver the terms and conditions of other transaction documents in connection with the Proposed Transaction.

Pursuant to the aforesaid Board approval, the Agreement has been executed today, i.e., on October 12, 2021 between TPG Rise Climate and the Company to record the terms and conditions of the Proposed Transaction. Relevant particulars as required under the SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September, 2015 are provided in Annexure hereto.

A press release marked as Annexure II is also enclosed herewith.
We would request you to please take note of the above and bring the same to the notice of all concerned.

Attachments

NSEBSELETTERFINAL.pdf
Total size =435K