TVS Holdings has entered into a Share Purchase Agreement (SPA) dated May 2, 2024 with Sandwood Investments (Sandwood) and Emerald Haven Realty (EHRL) for purchase of additional stake of 10.74% in EHRL, by way of purchase of 2,74,43,333 equity shares of Rs 10 each from Sandwood.
Consequent to the above, the shareholding of the Company in EHRL will increase from 89.26% to 100%, thereby making it a wholly owned subsidiary of the Company. EHRL presents great diversification potential which has been conceptualized by the company and hence this additional investment is made.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
Company Name | CMP |
---|---|
SamvardhanaMotherson | 151.20 |
TVS Holdings | 11500.00 |
Bosch | 30099.95 |
UNO Minda | 848.70 |
Varroc Engineering | 556.70 |
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