Open Offer for Tata Investment at Rs.600

JM Financial Consultants Pvt Ltd ("Manager to the Offer"), on behalf of Tata Sons Ltd ("Acquirer"), has issued this Public Announcement to the shareholders of Tata Investment Corporation Ltd ("Target Company"), pursuant to and in compliance with Regulation 11(2A) of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & subsequent amendments thereto (the "SEBI(SAST) Regulations").

The Offer:

This voluntary offer is being made by the Acquirer to the public shareholders of the Target Company, (who presently hold 13,573,644 Equity Shares or 39.39% of the Equity Shares of the Target Company) to acquire upto 9,783,000 Equity Shares being 28.39% of the Voting Capital of the Target Company ("Offer Share(s)") as on December 11, 2007, being the date which is 15 days from the date of closure of the Offer, as required under Regulation 21(5) of the SEBI (SAST) Regulations. This voluntary offer is being made pursuant to Regulation 11(2A) of the SEBI (SAST) Regulations, at a price of Rs 600 per fully paid up Equity Share (the "Offer Price"), payable in cash in accordance with the SEBI (SAST) Regulations and subject to the terms and conditions mentioned in PA (the "Offer" or "Open Offer") and the terms and conditions that will be set out in letter of offer in relation to the Offer (the "Letter of Offer")

Schedules of Activities :

Specified Date : September 28, 2007

Date of Opening of the Offer : November 07, 2007

Date of Closing of the Offer : November 26, 2007

Source : Equity Bulls

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