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Friday, Dec 30, 2005


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Corporate - Mergers & Acquisitions

Falcon Tyres to seek shareholders nod

Our Bureau

Bangalore , Dec. 29

FALCON Tyres Ltd has said it will seek shareholders' approval through postal ballot for the proposed indirect change in control of the company.

In a notice to the Bombay Stock Exchange, Falcon Tyres said shareholders' approval was required pursuant to the acquisition of 100 per cent shares in the company's existing promoters, DIL Rim & Wheel Corporation Ltd, Mauritius by Wealth Sea Pte Ltd, Singapore from Jumbo World Holdings Ltd.

The board has appointed Mr Gopinath M.R., a practising company secretary, as the scrutiniser for the postal ballot, the notice said.

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