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Sundaram Finance to merge IT subsidiary

Press Trust of India  |  Chennai 

: The board of Non Finance Company has decided to merge its subsidiary Sundaram Solutions Ltd subject to necessary approvals.

"The Board of Directors at its meeting have decided to merge Sundaram Solutions with our company and approved the draft scheme of amalgamation", the Chennai-based company said in a filing.

"The subject is to all necessary approvals", it said.

In another notification, the company said Rajiv C Lochan was appointed as its

The company website said Sundaram provides enterprise resource management solution to mid-sized and large companies through Microsoft Dynamics (AX, NAV, CRM, and LS Retail).

The company said it is Microsoft Gold Certified partner operating in India, Middle East and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 17:57 IST