Hinduja Finance, Melody Trading Swap Ratio Set At 4:11

The Hinduja Finance (HF) board has approved the merger of Melody Trading and Hinduja Telecom India (HTIL) with itself. One share of HF will be issued for every 29 shares of HTIL. Similarly, four shares of HF will be issued for every 11 shares of Melody. The swap ratio was arrived at on the basis of the valution by A F Feguson & Company.