Two trusts connected to the Venu Srinivasan family branch are raising ₹825 crore to purchase a 3% stake held by the TSF family. The transaction finalizes the buyout of shares from the lineage of late Sundaram Finance founder TS Santhanam. Following the purchase, Sudarshan Venu will increase his holding in TVS Holdings to 73.35%, tightening control over TVS Motor Company and Home Credit India Finance. This consolidation follows an earlier series of progressive buyouts previously routed through Sundaram Clayton and other family branches.
Key points
The completed buyout concludes the departure of the TS Santhanam branch from these holdin…: The completed buyout concludes the departure of the TS Santhanam branch from these holding structures.
Sudarshan Venu continues to consolidate managerial and equity control over primary TVS gr…: Sudarshan Venu continues to consolidate managerial and equity control over primary TVS group entities.
TVS Holdings maintains substantial controlling stakes in operating businesses including T…: TVS Holdings maintains substantial controlling stakes in operating businesses including TVS Motor and Home Credit India Finance.
Sources checked by our analysis pipeline: 1
The acquisition will increase Sudarshan Venu's holding in TVS Holdings to 73.35% from 69.62%, marking a further consolidation of ownership within the Venu Srinivasan branch of the TVS family, said the officials cited above.
Also read: TVS family succession dispute raises governance questions for listed companies, says InGovern
Two trusts to raise 825 crore; Sudarshan Venu stake in TVS to rise to 73.35%
The funds are being used to finance the acquisition of the remaining shares held by the TSF family following the broader TVS Group partition. The latest transaction completes the acquisition of the final 3% stake held by the branch, officials close to the matter said.
TVS did not comment.
The transaction marks another step in the gradual realignment of ownership within the extended TVS family.
Venu Srinivasan and his son Sudarshan have been progressively acquiring shares held by other family branches, including interests routed through Sundaram Clayton and the TSF group.
Also read: Succession battle breaks out at TVS as camps disagree over business division, family MoU
The increase in Sudarshan's holding is significant because TVS Holdings…
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