General Announcement::Proposed transfer of Defense & Aerospace business to Tata Advanced Systems Ltd

Issuer & Securities

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

Announcement Title: General Announcement
Date &Time of Broadcast: 03-May-2018 23:08:35
Status: New
Announcement Sub Title: Proposed transfer of Defense & Aerospace business to Tata Advanced Systems Ltd
Announcement Reference: SG180503OTHRZ4DM
Submitted By (Co./ Ind. Name): Hoshang Sethna
Designation: Company Secretary
Effective Date and Time of the event: 03/05/2018 17:00:00
Description (Please provide a detailed description of the event in the box below): Please be informed that the Board of Directors has, at its meeting held today, approved (subject to the requisite regulatory and other approvals) the following:
1. Sale of Company s defense business to Tata Advanced Systems Limited (TASL), a wholly-owned subsidiary of Tata Sons Limited (Company s Promoter) by way of a Scheme of Arrangement to be entered into between the Company, TASL and their respective members and/or creditors, as the case may be, pursuant to the provisions of Sections 230 to 232 of the Companies Act, 2013 and the rules made thereunder. ( Defense Business Transfer )
2. Sale of Company s shareholding in TAL Manufacturing Solutions Limited (TAL), a wholly-owned subsidiary, to TASL ( TAL Divestment )
Enclosed are the following:
a)Press release being issued by the Company in this regard - Annexure A.
b)Details for the proposed Defense Business Transfer - Annexure B and For the proposed TAL Divestment - Annexure C

Total size =1001K