TATAFIN

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 o

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 th

Tata Finance Ltd has informed the Exchange that pursuant to the Order of the High Court of Judicature at Mumbai dated March 18, 2005 and pursuant to the provisions of the Companies Act, 1956 to consider the Scheme of Reorganisation and Amalgamation of the Company with Tata Motors Limited, the Company held the Court Convened Meetings of Secured Creditors, Unsecured Creditors and Equity Shareholders on April 26, 2005. The Scheme was unanimously approved by the Secured Creditors, Unsecured Creditors and by an overwhelming majority of the Equity Shareholders. A copy of the proceedings of the afore

Tata Finance Ltd has informed the Exchange that the BODs of the company have at its meeting held on Janaury 10,2005,considered and approved the proposal for meger of the Company with Tata Motors Limited.The merger would be under a Scheme of Amalgamation under section 391 and 394 of the Companies act 1956 and would be subject to the approval of the Hon'ble High Court of Judicature at Bombay and would be effective from April 01,2005.In terms of the Scheme of Amalgamation that would be submitted to the court,all equity shareholders of Tata Finance Limited will be entitled to receive 8 Ordinary Sh