Corporate Structure is Restructured; Overall Positive Performance During H1FY17: approved demerger of manufacturing and financial services businesses into two different entities. The carved out manufacturing undertakings shall be brought under TI FinancialHoldings ltd (TIFHL) and residual financial services businesses to remain under TIIL. The ratio for demerger under consideration stands at one share of TIFHL of face value of Rs.1 for one share held in TIIL of Rs.2 each. TIILs face value post demerger shall stand reduced to Rs.1 each and the holding pattern of TIFHL shall be a mirror image of TIIL