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$8 5 billion TVS Group restructures ownership of group companies, to scrap holding company

$8.5 billion TVS Group restructures ownership of group companies, to scrap holding company IANSDec 11, 2020, 08:20 IST BCCL Chennai, The members of $8.5 billion TVS family on Thursday decided to restructure the ownership of various companies, a measure which does not involve payment of brand royalty to the family members or their holding companies. The family members heading the group s listed companies like TVS Motor Company Ltd, TVS Srichakra Ltd, Wheels India Ltd and others, in an identical letter, have intimated the respective Company Secretaries about the family decision and these were, in turn, filed with the stock exchanges. With the passage of time, various members of

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