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Board nod for share allotment to TVS Autolec

CHENNAI: Sundram Fastners has informed the Bombay Stock Exchange that the directors have approved the allotment of equity shares of the company on the basis of the share exchange ratio of 10 equity shares of Re. 1 each credited as fully paid up at par for every 6.4 equity shares of Rs. 10 each fully paid up in TVS Autolec on the basis of the shareholding of eligible shareholders.

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