Exit Route For Tata Finance Investors

Tata Industries has proposed to acquire from Tata Finance shareholders their holdings of the cumulative, convertible preference shares (CCPS) issued in April-May this year. Tata Industries is the holding company of Tata Finance.

In a letter to the holders of the 90,93,160 CCPS, Tata Industries has documented the changes in the company after the letter of offer was circulated, and