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TVS Group: TVS Group to rearrange family shareholding in group companies

Market LIVE: Sensex, Nifty at record highs; metals, financial stocks rise

Sensex ends 139 points higher, Nifty holds 13,500-mark; ONGC, NTPC top gainers A weakening rupee and lacklustre global markets weighed on sentiment on Thursday. Photo: Hemant Mishra/MintPremium 10 min read Share Via 11 Dec 2020, 03:44:50 PM IST Market closing Indian benchmark equity indices slipped from record highs towards the fag-end of the session, but ended about 0.3% higher led by gains in ICICI Bank, ITC and NTPC. Sensex closed at 46,099.01, up 139.13 or 0.30%, while Nifty ended 35.55 points or 0.26% higher at 13,513.85. ONGC, closing over 5% higher, was the top Sensex gainer followed by NTPC, Tata Steel, Titan, ICICI Bank, ITC and Ultratech Cement. Axis Bank, M&M, TechM and Asian Paints were among the laggards.

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Shares of TVS firms rise on new ownership plan - The Hindu BusinessLine

Shares of TVS firms rise on new ownership plan - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

TVS Group Begins The Arduous Task Of Simplifying Ownership Structure

TVS Group begins the arduous task of simplifying ownership structure The rearrangement of shareholding of TVS Group will help the next generation of entrepreneurs branch out to newer investment areas December 11, 2020 / 05:30 PM IST For the first time since the mid-1990s the century-old TVS Group laid bare its intentions of simplifying the ownership structure of group companies, which it believes will ensure that the control of group companies rests with the management. Even as further details are awaited, the idea is to allow one promoter family that is holding shares in one entity to have control of the company it runs. This way the ownership structure of individual companies will also get clearer.

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