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 Update on Shanthi Gears Open Offer
Tube Investments of India
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED
(Formerly, TI Financial Holdings Limited)
Update on Shanthi Gears Open Offer
 

The Shanthi Gears Open Offer has come to a close.

Arising from the takeover process which ended today, TII’s shareholding has increased to 70.12% and hence, Shanthi Gears Ltd has become a subsidiary of TII effective 19th Nov 2012.

Letter to Stock Exchanges regarding Shanthi Gears acquisition