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ITI Financial Services Ltd & Sharyans Resources Ltd	Update Date: 10/21/08
Date Announced: 10/09/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	10/09/08
Date Originally Announced	10/09/08
Format	Acq. Maj. Int.	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
INDIA - Sharyans Resources Ltd agreed to acquire an undisclosed majority interest in ITI Financial Services Ltd, a financial services provider.

TARGET
Name	ITI Financial Services Ltd
Industries	Investment advice
City	n/a
State	n/a
Nation	India
Incorporated in	n/a
Public Status	Private
Business Description	ITI Financial Services Ltd provides financial services.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Sharyans Resources Ltd (Bombay : 511413)
Industries	Security and commodity services, nec; Real estate agents and managers; Real estate investment trusts
City	Mumbai
State	n/a
Nation	India
Incorporated in	n/a
Public Status	Public
Business Description	Sharyans Resources Ltd is an investment company, headquartered in Mumbai, India and with locations in Delhi, Kolkata, and Bangalore. The company invests in financial and real estate assets with interests in equities, debt, forex, commodities, travel related services, and project management, development and consultancy services.
Advisors	NULL
Acquiror Sales	n/a

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