Sundram Fasteners Investments Update by Epic Research

Sundram Fasteners Investments, a wholly owned subsidiary of Sundram Fasteners, has acquired 24.53% of equity share capital of TVS Infotech (an existing associate company) consequent to the allotment of right shares to Sundram Fasteners Investments. With this acquisition, Sundram Fasteners Investments has 62.27% equity stake in TVS Infotech. Accordingly, TVS Infotech has become a subsidiary of Sundaram Fasteners Investment and consequently a step-down subsidiary of Sundram Fasteners with effect from June 18, 2014.



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