TVS Holdings Ltd. (TVSHL) on Tuesday introduced the acquisition of a 100% stake in TVS Digital Ltd. from TVS Motor Co. Ltd., for a money consideration of ₹4.14 Crore
Consequent to the acquisition of 100% of whole holdings amounting to 30,50,000 fairness shares, TVS Digital has turn into an entirely owned subsidiary of TVSHL.
The item of the funding is to consolidate all non-auto-related investments beneath the corporate. TVS Digital is within the enterprise of data expertise companies, it mentioned in a separate submitting.
Individually, Emerald Haven Realty Ltd. (EHRL), an entirely owned subsidiary of TVSHL, mentioned it has agreed to amass extra 6.33% securities from ASK in Emerald Haven City and Nation Pvt. Ltd. (EHTCPL) for a consideration of ₹2.50 crore by September 30.
EHTCPL, which is into actual property growth and building, is a subsidiary of EHRL, the mum or dad firm mentioned in a regulatory submitting.
EHTCPL is a three way partnership between EHRL and ASK. EHRL will buy from ASK 22,85,061 Optionally Convertible Redeemable Choice Shares of ₹10 every and 19,46,265 fairness shares of ₹10 every from ASK Actual Property Particular Opp. Fund II.
Because of this, the shareholding of EHRL in EHTCPL will improve from 93.67% to 100% (on absolutely diluted foundation) and EHTCPL will turn into an entirely owned subsidiary of EHRL and TVSHL.
Revealed – September 17, 2024 07:48 pm IST
