Tamilnadu Petroproducts Ltd: Updates

Tamilnadu Petroproducts Ltd has informed BSE that the Board of Directors of the Company has passed a resolution March 16, 2011, approving the sale of 17,351,686 equity shares of Rs. 10/- each (fully paid up) representing 14.90% of the paid up equity share capital of Henkel India Ltd to Jyothy Laboratories Ltd, Mumbai, at a price of Rs. 35/- (Rupees Thirty Five) per equity share of Henkel India Ltd by way of an off market transaction.