TVS Motor Company Limited — JV/Acquisition, 28-01-2025: Amalgamation/Merger

TVS Motor Company has approved the amalgamation of its wholly-owned subsidiary, Sundaram Auto Components Limited, which reported a net worth of ₹156.90 Cr and a turnover of ₹421.72 Cr, into itself, resulting in a streamlined corporate structure. This strategic move aims to consolidate assets and liabilities for operational synergies, simplified governance, and cost savings, ultimately enhancing long-term stakeholder value. The scheme will allow for optimal utilization of capital and improved managerial efficiencies, while the shareholding pattern of TVS Motor will remain unchanged post-amalgamation, with no cash consideration involved.