Corporate Action8 Oct 2026, 11:45 am
TVS Srichakra Realizes ₹34.44 Cr from TASL Capital Reduction
AI Summary
TVS Srichakra Ltd has announced the realization of its investment in TASL Automobile Solutions Private Limited, a promoter group company. Following a Composite Scheme of Selective Capital Reduction sanctioned by the NCLT, TASL Automobile has remitted ₹34.44 Crore (at an exit price of ₹377.70 per equity share) to TVS Srichakra. This remittance results in the cancellation and extinguishment of TVS Srichakra's entire holding of 9,11,741 equity shares, representing 7.58% of TASL Automobile's paid-up equity share capital.
Key Highlights
- TVS Srichakra received ₹34.44 Crore from TASL Automobile.
- Exit price per equity share was ₹377.70.
- Entire holding of 9,11,741 shares in TASL Automobile is extinguished.
- This is a realization of investment upon selective capital reduction.
Price Impact
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