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TVS Srichakra Limited has undergone a corporate restructuring involving its investment in TVS Automobile Solutions Private Limited (TVS Automobile). Following the approval of a Composite Scheme of Arrangement, the company will receive 9,11,741 equity shares in the resulting entity, TASL Automobile Solutions Private Limited, representing 7.58% of its equity. The ongoing shareholding in TVS Automobile will now be 5.08%. This strategic move aims to enhance operational efficiencies and streamline operations within the auto ancillary sector, ultimately unlocking value for shareholders.