Sundaram Finance Holdings Limited (SFHL) announced that its Board of Directors, at a meeting held on 29 April 2025, approved the sale of up to 5,56,375 equity shares of ₹5/- each held by the company in TVS Holdings Limited (formerly Sundaram Clayton Limited).
- This represents a 2.75% stake in TVS Holdings Limited.
- The shares will be sold to V S Trust.
- The transaction will be executed through the block deal window mechanism of the stock exchange(s) or any other permitted mechanism.
- The sale will be at the applicable price on the date of the execution of the transaction.
- SFHL confirmed this is not a related party transaction.
- The transaction is expected to be completed on or before 15 May 2025.