 "T T Srinivasaraghavan")
Sundaram Finance Ltd (SFL) is planning to demerge its non-financial services investments into a wholly owned subsidiary to ring-fence the regulated financial services assets of the group.
The company said on Friday that the Board of Directors has approved a proposal to demerge its non-financial services investments into Sundaram Finance Investments Ltd (SFIL).
The demerger process is initiated through a composite scheme of arrangement as per the regulatory requirements.
Over nearly six decades, SFL has invested in various non-financial service businesses, including the automotive and manufacturing business as a co-promoter along with the TVS Group. Some of the significant investments made during
