TVS Motor Approves Demerger of Consumer Finance Businesses
TVS Motor Company approved a proposed demerger of its consumer finance and related business undertaking into a separate holding company.
In a bid to create value for shareholders and greater strategic focus on finance businesses, TVS Motor Company, part of TVS VENU, on Wednesday approved a demerger of its consumer finance and related business undertaking into a separate holding company.Under the proposed scheme, shareholders will re…