What it does

Makes aluminium die-cast parts such as engine and transmission housings for truck, car and two-wheeler makers, from plants in India and the US.

Aluminium die-castingConsumer discretionary

Sundaram-Clayton demerged its auto-component (aluminium die-casting) manufacturing business into a new Sundaram-Clayton Ltd, issuing one share for each share held, while the parent was renamed TVS Holdings; the new company listed on NSE and BSE.

Distribution date

29 Dec 2023

Structure

Spin-off

Parent

TVS Holdings (formerly Sundaram-Clayton) (TVSHLTD IN)

Spin-off ticker

SUNCLAY IN

Listing

NSE and BSE

Market

India

Sector

Consumer discretionary

Size

small