Wheels India to merge Sundaram Hydraulics into itself

Wheels India Ltd announced the merger of Sundaram Hydraulics Ltd, a hydraulic cylinder manufacturer, into itself, effective October 1, 2021, subject to approvals. The board approved the scheme on December 7, 2021.

“The board of WIL, at its meeting on December 7, approved the scheme of amalgamation of ₹57.5 crore Sundaram Hydraulics Ltd (SHL), promoted by WIL and Sundaram Finance Ltd, based on the recommendations of the audit committee and independent directors.”thehindubusinessline.com

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• thehindubusinessline.comWheels India to merge Sundaram Hydraulics with itself - The HinduBusinessLineOur BureauDec 8, 2021

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