Financial Daily from THE HINDU group of publications
Wednesday, Dec 22, 2004
Financial Daily from THE HINDU group of publications Wednesday, Dec 22, 2004 |
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Markets
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Financial Services TD Waterhouse exits joint venture with Tata Our Bureau
Mumbai , Dec. 21 TD Waterhouse group is exiting from Tata TD Waterhouse Securities, having sold its 49.9 per cent stake in the company to Tata Investment Corporation for an undisclosed consideration. The name of Tata TD Waterhouse Securities (TTDWS) will also be changed to reflect the exit of the TD Waterhouse group, said a notice to the stock exchanges sent by Tata Investment Corporation. No reason was provided for the exit of TD Waterhouse from the company. The balance 50.1 per cent in TTDWS is held by two other Tata companies. TTDWS continues to be engaged in the field of investment advisory services related to mutual funds and fixed income securities.
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