January 12 Set as Record Date for Elgi Amalgamation

The Bombay Stock Exchange reports that on December 16 the Madras High Court of Judicature passed an order approving a scheme of amalgamation and arrangement between Elgi Rubber Company Limited and Treadsdirect Limited and Elgi Rubber International Limited and Titan Tyrecare Products Limited and Treadsdirect (India) Limited. This order was received by the company on December 29, 2010, and January 12 has been fixed as the record date to determine equity shareholders of the Company entitled to receive one Elgi Rubber International Limited equity share for every five equity shares held in the company.