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The NCLT Chennai has sanctioned the scheme of amalgamation of Sundaram Auto Components Limited (wholly owned subsidiary) with TVS Motor Company Limited, effective from the appointed date of 1 April 2025. No consideration will be issued as Sundaram is a wholly owned subsidiary.
“The NCLT Division Bench – I, Chennai sanctioned the Scheme of Amalgamation of Sundaram Auto Components Limited with TVS Motor Company Limited on 6 May 2026”scanx.trade
Summarized from public sources; check the original articles before acting on it.