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Bangalore, July 13 Titan Industries plans to discuss the mode of amalgamation/merger of three of its associate companies — Samrat Holdings, Titan Holdings and Questar Investments — with the company at a meeting of the board of directors of the company on July 27.

According to Mr Bhaskar Bhat, Managing Director, Titan Industries, the three companies had served the purpose for which they were created in the past and had no real role today in the group.

Titan owned a significant stake in the publishing business of Reader’s Digest India through Samrat Holdings. Samrat Holdings ceased to exist after the publishing business was sold to India Today about four y ears ago.

Titan Holdings was created as investment company that held group companies’ shares. Questar Investments was the signatory to the joint venture between Tatas and TIDCO that led to the formation of Titan Industries.

Other details on the nature of amalgamation/merger (whether it will be through buyout or share swap) will be discussed at the board meeting, said Mr Bhat. The board meeting will also consider and approve the unaudited financial results for the first quarter ended June 30, 2007.

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