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Senior TVS family members to file composite amalgamation scheme with NCLT

After executing the memorandum of family arrangement (MFA) in December, members of the $8.5-billion TVS group have decided to implement the family arrangement, inter alia, through a composite scheme of amalgamation and arrangement to be filed with the National Company Law Tribunal (NCLT). On December 10, 2020, an MFA was executed among various members of the TVS family who are shareholders of T V Sundram Iyengar & Sons (TVSS), Sundaram Industries (SIPL) and Southern Roadways (SRW). The three firms are collectively referred to as the TVS holding companies. According to sources in the group, pursuant to the MFA, senior members of the TVS family were nominated to deliberate on the implementation of the family arrangement.

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$8 5 billion TVS Group restructures ownership of group companies, to scrap holding company

$8.5 billion TVS Group restructures ownership of group companies, to scrap holding company IANSDec 11, 2020, 08:20 IST BCCL Chennai, The members of $8.5 billion TVS family on Thursday decided to restructure the ownership of various companies, a measure which does not involve payment of brand royalty to the family members or their holding companies. The family members heading the group s listed companies like TVS Motor Company Ltd, TVS Srichakra Ltd, Wheels India Ltd and others, in an identical letter, have intimated the respective Company Secretaries about the family decision and these were, in turn, filed with the stock exchanges. With the passage of time, various members of

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TVS Group s Ownership Structure Rejig Is an Important Lesson for Family-Run Businesses

TVS Group s Ownership Structure Rejig Is an Important Lesson for Family-Run Businesses In an expanded family-run corporate empire, relationship management becomes an onerous task in itself. A model sits on a scooter at the TVS Motor company s pavilion during the Indian Auto Expo in Greater Noida, on the outskirts of New Delhi, February 6, 2014. Photo: Reuters/Adnan Abidi/File Photo Business11/Dec/2020 In a significant step forward, the family behind the TVS Group has come together to put in place a mechanism that will help ensure that the ownership of shares in a group firm rests with the management that runs it.

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Family-owned TVS Group changes ownership model, splits businesses

Family-owned TVS Group changes ownership model, splits businesses
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TVS Group Family to rejig ownership in line with companies management

TVS Group Family to rejig ownership in line with companies management
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Tamil naduTv sundaram iyengarTv sundram iyengarCompany secretariesHolding companiesSons private ltdWheels india ltdSrichakra ltdMotor company ltdSundaram industries private ltdCompany ltdSouthern roadways private ltdதமிழ் நாடுதொலைக்காட்சி சுந்தரம் ஐயங்கார்தொலைக்காட்சி சுன்றாம் ஐயங்கார்நிறுவனம் செயலாளர்கள்