Board of Tata Investment Corporation approves equity participation in JV

At meeting held on 23 May 2017

The Board of Directors of Tata Investment Corporation at its meeting held on 23 May 2017 have approved an equity participation of up to one per cent into a joint venture between Voltas, Koc Holdings A.S. (holding company of Arcelik A.S.), Ardutch B. V ( a wholly owned subsidiary of Arcelik A.S.) and Tata Investment Corporation. The proposed JVC to be incorporated would be engaged in the business of refrigerators, washing machines, microwaves and other white goods/ domestic appliances in India.

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