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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (8922)	10/25/1999 5:47:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Jardine to pick up rights issue in Tata Ind, maintain 20% stake. tata.com TATA Industries Ltd is seeking fresh foreign equity from its partners - the Hong Kong-based Jardine Matheson group - through a rights issue. The rights issue, which is currently on, will be open till November 30 and the Tatas are expecting that the Jardine Matheson group will subscribe to the issue to maintain its 20 per cent stake through its subsidiary JSH (Mauritius) Ltd, Tata officials told The Economic Times. (ET 10/26/99)

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