Venu trusts raise fund to buy TSF stake in TVS
Two trusts affiliated with the Sudarshan Venu family have secured ₹825 crore in funding by providing collateral on shares that comprise around 20% of TVS Holdings' equity. This financing enabled their acquisition of the remaining shares held by the Trichur Santhanam Sundaram (TSF) group, officials close to the matter revealed. As a result, Sudarshan Venu's ownership in TVS Holdings will rise to 73.35% from 69.62%, solidifying the ownership consolidation within the Venu Srinivasan faction of the TVS family.
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