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 Corporate - Mergers & Acquisitions


TVSE to acquire Sravanaa Properties

Our Bureau

Chennai, March 27

TVS Electronics Ltd plans to acquire 100 per cent of the paid-up equity share capital amounting to Rs 5 lakh in Sravanaa Properties Private Ltd, which would consequently become a wholly-owned subsidiary of the company. Sravanaa Properties is engaged in the business of development of properties, according to a company communication to the stock exchanges. Company officials could not be reached for comments on the deal.

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