Tata Investment Corporation Ltd.

Tata Investment Corporation has received an approval for equity participation of up to one per cent into a joint venture between Voltas, Koc Holdings AS (holding company of Arcelik AS), Ardutch BV (a wholly owned subsidiary of Arcelik AS) and Tata Investment Corporation. The board of directors at its meeting held on May 23, 2017 has approved for the same.

The proposed JVC to be incorporated would be engaged in the business of refrigerators, washing machines, microwaves and other white goods/ domestic appliances in India.

Tata Investment Corporation (TIC) is a non-banking financial company. Earlier named the Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares and equity-related securities.