VS Trust to increase stake in TVS Holdings

VS Trust, acting through its trustee, has announced plans to acquire 1,373,347 equity shares of TVS Holdings (BSE:TVSHLTD) from Venu Srinivasan, another member of the promoter group. This acquisition, representing 6.79% of TVS Holdings' equity share capital, will be executed through an off-market inter-se transfer among promoter group members as part of an internal restructuring exercise. The proposed transaction is scheduled to take place on or after April 23, 2025. Following the transfer, VS Trust's shareholding will increase to 63.80% while Venu Srinivasan's holding will decrease to 0%. According to the filing, INR 8,798.34 is the volume-weighted average market price during the 60 trading days preceding the date of this notice on NSE. The company has declared that the acquisition will comply with all applicable regulations.