Try GOLD - Free
TVS Group's Restructuring A Benchmark for Family Arrangements
M & A Critique
|December 2023
"Part I of the scheme, although complex with multiple transactions, executed to achieve separation of ownership between various family branches"

Recently, TVS Holdings Limited announced completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire transaction was highly intricated however, was so perfectly aligned & executed in accordance with commercial understanding.
Most family arrangement becomes complicated when you have companies both private and listed involved as part of transaction however recent implementation of family arrangement of TVS group clearly stands exception to this. Despite having multiple businesses & family tranches, the entire scheme of things being executed without any significant hurdle.
The family arrangement is being carried by way of two key transactions:
First, mega restructuring involving 14 companies (with multiple demergers & mergers) being executed through a single composite scheme
Second being complex restructuring carried by listed TVS Holdings Limited which facilitated merger of group entity & holding company along with demerger of non-ferrous gravity and pressure die castings business
Though, the second part is with respect to only one of the family members of TVS group and being executed independently with listed entity involvement, one may believe that the same was executed as integral part of the larger family arrangement as TVS Holdings Limited being the largest part of TVS entity (TVS Holdings Limited is holding 50.26% equity interest of TVS group's flagship company TVS Motors Company Limited)
TVS Holdings restructuring was not only to pave the way for separation of TVS Motors ownership from non-ferrous gravity and pressure die castings business, but it also effectively parked the consideration payable by the T.S. Srinivasan family to other members into a listed company for getting the sole control of the flagship business.
This story is from the December 2023 edition of M & A Critique.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM M & A Critique
M & A Critique
Amber Group buys over 40% in Israel's Unitronics
Electronics manufacturer Amber Group has signed definitive agreements to take a 40.24% controlling stake in Israel-based Unitronics, a global player in industrial automations and control systems, for more than 400 crore.
1 min
August 2025
M & A Critique
JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for Rs 12,915 cr
Sajjan Jindal-led JSW Paints has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal.
2 mins
August 2025
M & A Critique
Agrichemicals firm FMC to divest India business amid market pressures
Agrichemicals company FMC Corp said it intends to divest its commercial business in India, in response to challenges in the country.
1 min
August 2025
M & A Critique
Adani group seeks Competition Commission's nod to acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group sought approval from the Competition Associates Ltd.
2 mins
August 2025
M & A Critique
Building materials maker CRH to acquire Eco Material for $2.1 billion
Building materials maker CRH said it has agreed to acquire Eco Material Technologies, a supplier of supplementary cementitious materials, for $2.1 billion to expand its presence in North America.
1 min
August 2025
M & A Critique
Prosus-owned iFood buys stake in Brazil's CRMBonus
Brazilian food delivery platform iFood, owned by Dutch investment group Prosus, said in a statement it has taken a 20% stake in technology company CRMBonus.
1 min
August 2025
M & A Critique
Conversive acquires VoxGenie to offer multimodal Voice AI engagement
AI-powered CRM engagement company Conversive announced the acquisition of VoxGenie, an emerging innovator in Voice Al.
1 min
August 2025
M & A Critique
Law firm Wilson Sonsini sells legal tech unit SixFifty to Paychex
US. law firm Wilson Sonsini Goodrich & Rosati has sold its technology unit SixFifty to human resources software firm Paychex, calling it one of the largest-ever deals for a law firm tech subsidiary.
2 mins
August 2025
M & A Critique
Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report
Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported, citing people familiar with che matter.
1 min
August 2025
M & A Critique
Schneider to buy remaining 35% in India JV from Temasek
Schneider Electric, the global major in energy management and automation, said it will acquire the remaining 35% stake in Schneider Electric India Private Limited from Singapore's Temasek for 5.5 billion in cash, giving the French industrial technology company full ownership of its Indian operations.
1 min
August 2025
Translate
Change font size