Brief: Tube Investments Of India manufacturing business will be demerged into Ti Financial Holdings

Cholamandalam Financial Holdings

03/11/2016 11:17

Nov 3 (Reuters) - Tube Investments Of India Ltd  TUBE.NS  
    * Manufacturing business of co will be demerged into ti 
financial holdings ltd 
    * Appointed date for the demerger is April 1, 2016 
    * Scheme provides for reduction of face value of demerged co 
to INR 1 each 
 
Source text: http://bit.ly/2feOU9V 
Further company coverage:  TUBE.NS  
 
 (Bengaluru newsroom) 
 ((ReutersIndia.snapping@thomsonreuters.com ;))