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Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings.Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
VS Trust, an insider in TVS Holdings, has pledged 4,20,400 equity shares of THL. This pledge was made to Aditya Birla Capital Limited to secure a facility totaling INR 250 Cr. This move typically indicates the promoter entity is raising funds using their shareholding as collateral. Investors should note this...
VS Trust, part of TVS Holdings' promoter group, has pledged 1.8 lakh THL equity shares to HSBC InvestDirect Financial Services. This is to secure a ₹135 Cr loan. Investors often watch such moves as pledged shares can imply promoter liquidity needs.
TVS Holdings Limited disclosed some pledging/unpledging activity. Please check pdf for more details.