8th-Jul-2005 18:30Source: NSE

Tata Motors Limited has informed the Exchange that: 1) Pursuant to Clause 13.1 of the scheme of Reorganisation and Amalgamation of Tata Finance Limited with Tata Motors Limited ("the Scheme") which has become effective from June 29, 2005, the Company would be allotting to every Equity shareholder of Tata Finance Limited, 8 Ordinary Shares of Rs.10/- of the Company in exchange for every 100 Equity shares of Rs.I0/- each of Tata Finance Limited. The Company held 1,84,94,389 Equity shares in Tata Finance Limited which stand cancelled; 2) The Record date for the purpose of the exchange of shares of Tata Finance Limited for shares of Tata Motors Limited as mentioned above has been fixed as August 12, 2005; 3) As per the said Scheme, in respect of shares of Tata Finance Limited held in dematerialised form, the Company would issue the shares in dematerialised form by crediting to the existing Depository Accounts of the Members of Tata Finance Limited entitled thereto as per the above exchange ratio. The Company would also undertake a corresponding debit action for the Equity shares of Tata Finance Limited held in that account; 4) In respect of shares of Tata Finance Limited held in physical form, the Members of Tata Finance Limited would be given an option by way of notice to receive the shares in electronic form or physical form, as per the option letter that is being despatched separately to them. In the event that such option is not exercised by the concerned Member, the Company shall issue the Ordinary Shares in physical form; 5) The Equity shares of Tata Finance Limited held in physical form shall be deemed to have been automatically cancelled without any requirement to surrender the certificates for shares held by Members of Tata Finance Limited.6) In respect of fractional entitlements arising out of the issue of Ordinary Shares, to the Members of Tata Finance Limited, in terms of Clause 13.1 mentioned above, the Board of Directors shall consolidate the same and thereupon issue and allot Ordinary Shares in lieu thereof to a separate trust created for the purpose. Such shares shall be held by the trust for and on behalf of the Members entitled to such fractional entitlements and the trust shall sell the same and distribute the net sale proceeds to the Members in the same proportion as their respective fractional entitlements bear to the consolidated fractional entitlements; 7) The Members of Tata Finance Limited are requested to refer to the text of the said Scheme which is available on the Company''s website for further details, if required; 8) The said Ordinary Shares would rank pari passu in all respects with the existing Ordinary Shares of the Company. It may be noted that the said new Ordinary Shares would not be entitled to dividend for the FY 2004-05 for which the Company has already announce the book closure period being June 27 to July 11, 2005 (both days inclusive); 9) Pursuant to the said Scheme, the Company would be allotting 1,45,04,949 Ordinary Shares to the Members of Tata Finance Limited.