MCC will (1) convert its loans to MCPI into MCPI common shares, and (2) increase MCPI capital share with MCC as underwriter by the share transfer date (scheduled for the end of October, 2016).

This will increase the percentage of the MCPI common shares held by MCC to a maximum of 99.4%. After completion of the above capital increase, MCC will transfer all the shares except for a shareholding ratio of 9% to Chatterjee on the share transfer date. As a result, MCPI will become a non-consolidated affiliate of MCC.

Founded by Dr. Purnendu Chatterjee in 1989, TCG specializes in the Petrochemicals, Pharmaceuticals, Biotech, Financial Services, Real Estate and Technology sectors in the US, Europe and South Asia.
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