Tata Steel Advanced Materials Limited ("TSAML") an indirect wholly owned subsidiary ("WOS") of Tata Steel Limited, has, on February 28, 2022, executed a Share Purchase cum Shareholders' Agreement ("SPSHA") for acquisition of 90% equity stake in Ceramat Private Limited ("CPL"). Ceramat Private Limited ("CPL") was incorporated on November 2, 2021, for the purpose of advanced ceramics with health care focus. CPL is jointly promoted by Mr. Sabyasachi Roy and Mr. Tushar Gothi. As of date, CPL has not commenced operations. Tata Steel Limited has identified Advanced Ceramics as one of the new materials for strategic growth. Within Advanced Ceramics, the first sector of choice is in medical materials owing to high growth potential and non-cyclical nature. Tata Steel Limited aspires to setup a world class facility to produce medical materials and use CPL as a special purpose vehicle for this purpose. The facility shall focus on producing Hydroxyapatite - a calcium phosphate-based ceramic used as bone replacement. The promoter of CPL are amongst the very few with such proven capability. CPL promoters have the core competence of various oxide ceramic composition manufacturing through process routes like slip casting, gel casting, powder compaction, spray drying and vibro-casting instrumental in advanced ceramics manufacturing. Shares of Tata Steel Limited was last trading in BSE at Rs. 1220.90 as compared to the previous close of Rs. 1145.20. The total number of shares traded during the day was 744142 in over 27595 trades. The stock hit an intraday high of Rs. 1225.00 and intraday low of 1130.05. The net turnover during the day was Rs. 887067019.00.

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