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Boards of 2 TVS group firms approve merger plan
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Last Updated: Jan 30, 2021, 10:56 PM IST
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Synopsis I wish to inform you that the composite scheme of amalgamation and arrangement to be filed with the Honorable National Company Law Tribunal, Chennai Bench ( NCLT )..was approved by the respective board of directors of the TVS Holding Companies and TVS Investments and Holdings Pvt Ltd on January 30, 2021, he noted.
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In a letter posted on BSE, Srinivasan said that the senior members of the TVS family would deliberate to implement the family arrangement.
New Delhi: TVS Motor Company on Saturday said the boards of TVS Holding Companies and TVS Investments and Holdings have approved a composite scheme of amalgamation and arrangement which is to be filed with the NCLT soon. In a letter posted on the BSE, TVS Motor Company Chairman and Managing Director Venu Srinivasan said the scheme will be filed with the Chennai Bench of the NCLT.