Corporate Action - Demerger of TVS Holdings (Formerly known as Sundaram-Clayton)

Market Announcements 📢
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In accordance with the approved Composite Scheme of Arrangement (involving Demerger and Amalgamation) by the National Company Law Tribunal (NCLT), Division Bench – II, Chennai, TVS Holdings Limited (previously referred to as Sundaram Clayton Ltd) has established a Record Date for the purpose of demerger. As per the scheme of arrangement:

  • 1 (One) Fully Paid-Up Equity Share of Rs.5/- each of Sundaram Clayton DCD Limited to be credited as Fully Paid-Up for every 1 (One) Equity Share of Rs.5/- each held in TVS Holdings Limited.

  • 1 (One) fully paid-up Cumulative Non-Convertible Redeemable Preference Share (NCRPS) of Rs.10/- each (“Preference Shares”) of Sundaram Clayton DCD Limited to be credited as Fully Paid-Up for every 1,000 Non-Convertible Redeemable Preference Shares (NCRPS) of Rs.10/- each held in TVS Holdings Limited

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I have earlier 200 shares oif sundram clayton after 23200 ncrps are twice showing in my account pl explain why so pl and also scope of these ncrps