Corporate News     31-Aug-12
Tata Investment Corporation acquires Simto Investment Company
From Voltas
Tata Investment Corporation has acquired from Voltas 14,62,087 equity shares of Rs 10 each representing 95.57% of the share capital of Simto Investment Company for a consideration of Rs 29.68 crores based on a valuation carried out by an external valuer.

Accordingly, Simto an unlisted investment company with a paid-up capital of Rs 1.53 crores has become a subsidiary of Tata Investment Corporation.

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