Sundaram Finance Holdings Limited — Important, 05-11-2024: Updates

Sundaram Finance Holdings Limited has approved the sale of its entire 3.19% stake in Delphi-TVS Technologies Limited, totaling 2,52,896 shares, to Cheema TVS Industrial Ventures Private Limited for a maximum of Rs. 40 crores. This related party transaction is set to conclude by January 2025, with shareholder approval to be sought via postal ballot. The Audit Committee has approved the transaction, and the promoter, Sundaram Finance Limited, does not hold shares in the purchasing entity.