21st Aug 2006 10:00
Barclays PLC21 August 2006 21 August 2006 Barclays today announces that shareholders representing 96% of the share capitalof Rank Investments and Credits (India) Limited ("Rank") have agreed to thesubscription of equity and preference shares of Rank by Barclays Bank PLC for atotal consideration of $7.5m in cash. Following such subscription, Barclays willeffectively own approximately 99.28% of the equity share capital of Rank.Completion of the transaction is conditional upon no objection being raised bythe Reserve Bank of India or any other Indian governmental authority during the30 day period following public announcement of the proposed transaction in India. This transaction forms part of Barclays ongoing investment and development of its business activities in India. For further information please contact Investor Relations Media Relations Anne Ramsay/Karen Menzel Jason Nisse+44 (0) 20 7116 8171/2929 +44 (0) 20 7116 6223 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Barclays