TVSS folds in SIPL, SRPL in group rejig
The Hindu
TVS group of companies on Thursday announced that the composite scheme of amalgamation and arrangement involving Sundaram Industries Pvt. Ltd. (SIPL) and Southern Roadways Pvt. Ltd. (SRPL) and T.V. Su
TVS group of companies on Thursday announced that the composite scheme of amalgamation and arrangement involving Sundaram Industries Pvt. Ltd. (SIPL) and Southern Roadways Pvt. Ltd. (SRPL) and T.V. Sundram Iyengar & Sons Pvt. Ltd. (TVSS) had come into force with effect from January 6.
TVS Motor Company CMD Venu Srinivasan said that SIPL and SRPL had been amalgamated with TVSS as per a pact executed between various members of the TVS family and the family arrangement.
The shareholding of SIPL and SRPL in Sundaram-Clayton Ltd. had been transferred to TVSS.
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