Sundaram Finance has informed that the Board of Directors of the company on 30th June 2022 have granted an `in-principle' approval, for the proposed de-merger of the fund accounting business of Sundaram Fund Services, wholly owned subsidiary, into Sundaram Asset Management Company, another wholly owned subsidiary of the Company, pursuant to a proposed Scheme of Arrangement to be formulated in accordance with the provisions of Sections 230 to 232 of the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
