Outcome of board meeting of TI Financial Holdings

Held on 11 November 2017

The Board of TI Financial Holdings has approved the appointment of M M Murugappan as additional director of the Company with immediate effect. The Board has also approved investment in Cholamandalam Health Insurance upto 100%, an amount not exceeding Rs 5 lakh. Upon the completion of this investment, Chola Health will become a subsidiary of the Company. Chola Health will be seeking approval of IRDA for a health insurance license.

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