ALSO READSundaram Finance to lower interest rates on deposits Sundaram Finance net rises 5% to Rs 477 cr Volumes jump at Sundaram Finance counter Sundaram Finance standalone net profit declines 8.91% in the June 2016 quarter Sundaram Finance standalone net profit declines 17.09% in the September 2016 quarter
At meeting held on 25 November 2016Sundaram Finance announced that the Board of Directors, at their meeting held on 25 November 2016, have decided to merge Sundaram Infotech Solutions, the Company's wholly owned subsidiary, with the Company and approved the draft Scheme of Amalgamation. The Scheme is subject to all necessary approvals.
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