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Titan to fix equity price band on Dec 26

Dec '05
The Tata Group's Titan Industries Ltd informed that it would consider and finalise the price of the equity shares comprising the partly convertible debentures (PCD) on December 26.

The Rights Issue Committee of the Board of Directors would take a decision in this regard on December 26, the company informed the stock exchanges.

It would be finalised within the price band of Rs 325-375 per equity share as per the board resolution dated August 31, it said.

The price band would be fixed for the Part A of the PCD issue, it said.

Watches and jewellery maker Titan manufactures over 7 million watches per annum and has a customer base of over 65 million. Titan Industries is India's leading manufacturer of watches and jewellery and the world's sixth largest manufacturer brand of watches.

The Economics Times

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