Tuesday, October 12, 2021

CCI approves of internal restructuring of TVS Group

The Competition Commission of India 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 dated 29 January 2021 between the Parties and board resolutions.

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