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MUMBAI: Tata Technologies Ltd (TTL), through its subsidiary Tata Technologies Inc USA (TTUS), on Tuesday announced that it has received unconditional acceptance of approximately 92.5 per cent of the equity shares of INCAT International Plc, a UK-based company listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

TTUS had earlier made a cash offer for INCAT.

"As of October 3, 2005, valid acceptance of the offer had been received in respect of a total of 22,448,051 INCAT shares comprising approximately 92.5 per cent of INCAT's existing issued ordinary share capital. The offer will remain open for acceptance until further notice," an official statement said.

TTUS had made the cash offer at 220 pence per share (Rs 169.40 per share). The offer price had represented a 4 per cent premium on INCAT's closing price of 211.5 pence per share, as on August 17, 2005, when TTUS made the open offer.

According to the statement, TTL and INCAT together have a combined turnover of roughly Rs 695.6 crore and service some of the best-known names in the global aerospace, automotive and engineering industries.

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