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TVS Group implements family arrangement - The Hindu BusinessLine

TVS Group implements family arrangement January 27, 2021 Holding company transfers equity in listed entities to the respective family investment firms TVS family members, who had announced plans on December 10 last year to align ownership with management of the various group companies, on Wednesday agreed on the methodology to execute it. In a notification to the stock exchanges, various listed companies of the group detailed how they will carry out the process a composite scheme of amalgamation and arrangement that will be filed before the Chennai Bench of the National Company Law Tribunal (NCLT). As a first step, the two holding companies Sundaram Industries Pvt Ltd and Southern Roadways Pvt Ltd will be amalgamated into TVS Sundaram Iyengar & Sons Pvt Ltd, another holding company. At the same time, businesses managed by various family members will be demerged into companies that are majority-owned by the respective families.

52-week high: Stock market update: 55 stocks hit 52-week highs on NSE

Explore Now Benchmark NSE Nifty index was trading 105.15 points down at 14328.55 on Monday on account of selling in frontline bluechip counters. Among the stocks that touched their 52-week highs on NSE were: Happiest Minds Technologies, HDFC Bank, Indian Energy Exchange; Orchid Pharma, Kajaria Ceramics, Anant Raj Global, Sundaram Brake Linings, Tata Steel Long Products, JBM Auto, Emco Ltd, Greenpanel Industries and Eris Lifesciences. Overall, 9 shares were trading in green in Nifty50 index, while 41 were trading in red in the afternoon trade. In the Nifty 50 index, UPL , HDFC Bank, Wipro, Nestle India and RIL were among top gainers, while Tata Motors, Tata Steel, Hindalco Inds., ONGC and Bajaj Finance were trading in red.

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.

TVS Group: A smart, bold GenNext helps group adapt to dynamic markets

TVS Group: A smart, bold GenNext helps group adapt to dynamic markets December 11, 2020 1/3 × The TVS Group’s ownership structure change is expected to give more operational freedom to the current generation of the family to respond faster and better to the dynamic market situation. Family members of this generation who are running the business ages spanning from late 20s to early 50s have already made their mark with significant initiatives. “The current generation in TVS Group is a sensible bunch of people aware of the fortunes they have inherited. All of them are not just educated well but also have a great exposure to the right kind of consulting or industry verticals and hence they bring in decent experience,” observed a management consultant.

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