Financial Daily from THE HINDU group of publications
Sunday, Dec 28, 2003
Financial Daily from THE HINDU group of publications Sunday, Dec 28, 2003 |
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Corporate
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Announcements Tata Infomedia sheds stake Our Bureau
MUMBAI: Tata Infomedia Ltd has sold its entire holding of 10,96,650 shares of Rs 10 each in Titan Industries Ltd to ICICI ePayments for a total consideration of Rs 15.1 crore. This transaction is in pursuance of the share purchase agreement entered into between ICICI ePayments Ltd and Tata Sons and other Tata Companies on September 1. ICICI Venture Funds Management Company Ltd had then announced its acquisition of the 50 per cent controlling equity stake held by the Tata Group in Tata Infomedia Ltd. ICICI Venture's acquisition was routed through an SPV — ICICI ePayments Ltd.
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