NCLT clears process for merger of TVS Investments with TVS Electronics 

The process for the amalgamation of TVS Investments Private Limited (TVSIPL) and TVS Electronics Limited has picked up momentum with the Chennai branch of the National Company Law Tribunal (NCLT) clearing the decks for convening a meeting of shareholders/unsecured creditors on April 4 to approve the scheme of amalgamation. 

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TVSIPL was incorporated on August 31, 2018, as a private limited company under the name Geeyes Family Holdings Private Limited. The name was changed to TVS Investments Private Limited on March 9, 2022. The company is engaged in the business of trading and investment activities of all kinds. It is the holding company of TVS Electronics, holding 59.84% of its equity share capital.

 TVS Electronics Limited was originally incorporated as lndmark lnfocom Private Limited on September 15, 1995. It became a deemed public company on  March 1, 1996. It changed its name to TVS eTechnology Limited on January 24, 2001 and further to TVS Electronics Limited on August 25, 2003.

TVS Electronics Limited is a subsidiary of TVSIPL. The amalgamation would result in the promoters of TVSIPL directly holding shares in TVS Electronics, which will not only lead to simplification of the shareholding structure and reduction of shareholding tiers but also demonstrate the promoter group’s direct commitment to and engagement with TVS Electronics.

TVSIPL has  a paid-up capital of 18,42,824 equity shares of Re.1/- each totalling Rs.  18,42,824. TVS Electronics has a paid-up capital of 1,86,50,318 equity shares of Rs.10/- each totalling Rs.  18,65,03,180

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