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TVS board to mull share division

October 06, 2003 12:27 IST

The board of directors of TVS Motor Company will meet on October 17 to consider the sub-division of equity shares of Rs 10 each.

In a related development, the board of directors of Lakshmi Auto Components will meet on October 17 to consider a proposal for the merger of the engine components division of the company with TVS Motor Company.

The meet will also consider a proposal to transfer the undertakings of rubber and plastics divisions to Sundaram Auto Components, according to a release issued to the BSE on Monday.

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