TVS Holdings’ wholly owned subsidiary -- TVS Emerald has completed acquisition of 100% of the equity shares and compulsorily convertible debentures in two entities viz., M/s. Radial (Phase II) IT Park and M/s. Radial (Phase III) IT Park, respectively.
With this, M/s. Radial (Phase II) IT Park and M/s. Radial (Phase III) IT Park have become wholly owned subsidiaries of TVS Emerald and consequently step-down subsidiaries of the Company.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.