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.
