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Sundaram - Clayton acquires additional 50.05% stake in Sundaram Holding USA

23 Sep 2022 Evaluate

Sundaram - Clayton has additionally acquired 50.05% stake in Sundaram Holding USA (SHUI) from Sundaram Auto Components (SACL), a subsidiary of the Company on September 22, 2022.

Consequent to the above acquisition, the Company’s holding in SHUI increased to 100% and subsequently SHUI’s subsidiaries in USA viz., Green Hills Land holding, Component Equipment Leasing, Sundaram-Clayton USA and Premier Land Holding have also become subsidiaries of the Company.

Sundaram -Clayton operates in a wide range of activities such as manufacturing of automotive vehicles, automotive components, spare parts & accessories thereof, housing development and financial services.

Peers
Company Name CMP
Bajaj Finserv 1728.00
TVS Holdings 11600.00
Cholamandalam Fin. 1381.50
Altius Telecom Infra 172.00
Kama Holdings 2244.40
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