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TVS Holdings’ arm to acquire additional stake in EHTCPL
Sep-17-2024

TVS Holdings’ wholly owned subsidiary--- Emerald Haven Realty (EHRL) has planned to acquire additional securities in Emerald Haven Town and Country (EHTCPL), a subsidiary of EHRL, by way of purchase of 22,85,061 Optionally Convertible Redeemable Preference Shares of Rs 10 each (OCRPS) and 19,46,265 Equity Shares (Equity) of Rs 10 each from ASK Real Estate Special Opp. Fund II (ASK).

Consequent to the same, the shareholding of EHRL in EHTCPL will increase from 93.67% to 100% (on fully diluted basis) and EHTCPL will become a Wholly Owned Subsidiary of EHRL and the Company. 

TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.

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