TVS Holdings’ subsidiary -- Emerald Haven Realty (EHRL) is all set to acquire an additional 8.23% stake (on fully diluted basis) in Emerald Haven Town and Country (EHTCPL), a subsidiary of EHRL, by way of purchase of 55,00,0000 Optionally Convertible Redeemable Preference Shares of Rs 10 each (OCRPS) from ASK Real Estate Special Opp. Fund II (ASK). Consequent to the same, the shareholding of EHRL in EHTCPL will increase from 85.44% to 93.67% (on fully diluted basis).
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
