Date:30/12/2005 URL: http://www.thehindubusinessline.com/2005/12/30/stories/2005123003300300.htm

Back 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.