iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

TVS amalgamates with T V Sundaram Iyengar -; Sons

12 Jan 2022 , 10:59 AM

The amalgamation is affected between TV Sundaram Iyengar & Sons Pvt Ltd. (TVSS), Sundaram Industries Private Limited (SIPL), Sothern Roadways Private Limited (SRPL), and TVS Holdings Private Limited. The amalgamation is under the Composite scheme of amalgamation and arrangement (demerger), where the target companies dissolved without winding up.

The Composite Scheme of Amalgamation was approved by NCLT on 06-December-2021 and was made effective from 06-January-2022.

TVSS will be able to exercise complete control over the Sundaram Clayton Limited (SCL), promoter of target company who presently holds 52.26% holding of the Target company, as per BSE filing.

As a result of this amalgamation, the shares of the SIPL and SRPL, including the promoter’s shares transferred to TVSS, it added.

TVS Electronics Ltd is currently trading at Rs190.75 up by Rs1.15 or 0.61% from its previous closing of Rs189.60 on the BSE. The scrip opened at Rs191.90 and has touched a high and low of Rs194.30 and Rs190.55 respectively.

Related Tags

  • Sundaram Industries
  • TVS Amalgamation
  • TVS News
  • TVS Stocks
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.