MoneyWorks4Me

TVS Motor Company’s arm sells 50.05% equity stake in SHUI

23 Sep 2022 Evaluate

TVS Motor Company’s wholly-owned subsidiary -- Sundaram Auto Components (SACL) has sold 50.05% equity stake in Sundaram Holding USA Inc., USA (SHUI), to Sundaram-Clayton (SCL). Subsequent to the above, SHUI has ceased as a subsidiary of SACL and also of the company and consequently SHUI’s subsidiaries in USA viz., Green Hills Land holding, Component Equipment Leasing, Sundaram-Clayton USA and Premier Land Holding have also ceased as subsidiaries of the Company. Consideration received from such sale/disposal is Rs 317.01 crore.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
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