CCI approves of internal restructuring of TVS Group
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- By Chetan Kulasri
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- Last Updated on 13 October, 2021
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News, Dated 11.10.2021
The Competition Commission of India (CCI) has approved the internal restructuring of the TVS Group, under Section 31(1) of the Competition Act, 2002. The proposed combination contemplates an internal restructuring within the TVS group pursuant to the execution of a Memorandum of Family Arrangement, the Composite Scheme of Amalgamation and Arrangement between the Parties and board resolutions
In total, there are 15 parties involved with the proposed transaction. These parties are TVS Mobility, TS Rajam Tyres, Southern Roadways (Madurai), Trichur Sundaram Santhanam & Family, TVS Sundram Fasteners, Madurai Alagar Enterprises, SB TVS Industrial Ventures, Cheema Industrial Ventures, TVS Holdings, and Geeyes Family Holdings Private Limited.
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