Moneycontrol
Jun 20, 2017 02:14 PM IST | Source: Moneycontrol.com

Titagarh Firema Adler SpA becomes wholly-owned subsidiary of Titagarh Wagons

We refer to the captioned subject and wish to inform you that Titagarh Singapore Pte Ltd. (TSPL), the Company's wholly-owned subsidiary, has acquired the shares held by Adler Plastic SpA, Italy, representing 10% of the total paid-up share capital of Titagarh Firema Adler SpA (TFA), a subsidiary of the Company.

Titagarh Firema Adler SpA  becomes wholly-owned subsidiary of Titagarh Wagons
Sub: Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

We refer to the captioned subject and wish to inform you that Titagarh Singapore Pte Ltd. (TSPL), the Company's wholly-owned subsidiary, has acquired the shares held by Adler Plastic SpA, Italy, representing 10% of the total paid-up share capital of Titagarh Firema Adler SpA (TFA), a subsidiary of the Company.

As a result of the above, TFA has become a wholly-owned subsidiary of the Company in which the Company holds 1.8% directly and balance 98.2% is now held by TSPL.

Please take the above on record.
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