Date:13/11/2004 URL: http://www.thehindu.com/2004/11/13/stories/2004111304611605.htm

Business - Briefly

Sundaram Clayton's plans

CHENNAI: Sundaram Clayton has informed the Bombay Stock Exchange through a notification that the board of directors of the company has approved the proposal to invest Rs. 5 lakhs in Auto India Engineering Ltd. This new company is proposed to be incorporated as a public limited company of which 100 per cent shares will be held by the company and its nominees. The new company will become a subsidiary of Sundaram Clayton on and from the date of incorporation, the notification added.