Sundram Fasteners Investments, a wholly owned subsidiary of Sundram Fasteners, has acquired 24.53% of equity share capital of TVS Infotech (an existing associate company) consequent to the allotment of right shares to Sundram Fasteners Investments. With this acquisition, Sundram Fasteners Investments has 62.27% equity stake in TVS Infotech. Accordingly, TVS Infotech has become a subsidiary of Sundaram Fasteners Investment and consequently a step-down subsidiary of Sundram Fasteners with effect from June 18, 2014.
Sundram Fasteners is a part of the $5 billion TVS Group, headquartered in Chennai, India. The Company has established a track record of leadership over 40 years. With a diversified product line, world-class facilities in 4 countries and motivated team of talented people, Sundram Fasteners has become a supplier of choice to leading customers in the automotive and industrial segments worldwide.
| Company Name | CMP |
|---|---|
| Sundram Fasteners | 859.90 |
| Sterling Tools | 240.90 |
| Lakshmi Prec. Screws | 5.13 |
| Simmonds Marshall | 173.45 |
| Agarwal Bolts | |
| View more.. | |
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