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Sundaram Finance Holdings gets nod to sell 16% stake in Mind S.r.l

07 Dec 2022 Evaluate

Sundaram Finance Holdings has received approval to sell 2,40,601 shares constituting 16% of the total paid-up shares in Mind S.r.l, Italy, to Trichur Sundaram Santhanam & Family at a price which would be fair value of the said investment plus a mark up of 5%. The valuation would be conducted by an independent valuer appointed by the company to comply with FEMA guidelines and approval of the AD Banker. The board of directors at the meeting held on December 06, 2022 has approved the same.

Sundaram Finance Holdings is involved in the business of making all types of investments, including investments in financial service enablers, Fin-tech investments and Small Startup Type (incubator) investments, as well as to engage in the business of BPO, consultants.

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