TVS Motor Demerges Consumer Finance and related business undertaking

Chennai, Oct 28 (UNI) The Board of Directors of TVS Motor Company, part of TVS Venu, today approved a Composite Scheme of Arrangement (Scheme) to demerge its consumer finance and related business undertaking into a separate holding company. Under the proposed scheme, shareholders of the company will receive equal number of shares in the resulting company as in TVS Motor, enabling them to participate in the future growth of both the mobility and consumer finance businesses. The consumer finance and related business have expanded in scale and scope and a dedicated structure will provide greater strategic focus, flexibility in capital…