TVS Motor Board Approves Demerger of Consumer Finance Business
TVS Motor shareholders will receive one share in the new finance entity for every TVS Motor share held.
The board of TVS Motor Company, part of TVS Venu, on Wednesday approved a demerger of its consumer finance and related businesses into a separate company. Shareholders of TVS Motor will receive one share in the new finance entity for every TVS Motor share held. The resulting company will thus have…