TVS Emerald To Acquire Radial IT Park

New Delhi: TVS Holdings Ltd on Wednesday said its wholly-owned real estate arm TVS Emer-ald Ltd will fully acquire Radial (Phase II) IT Park Pvt Ltd and Radial (Phase III) IT Park Pvt Ltd, both involved in construction and development, for a total consideration of over Rs 575 crore.

TVS Emerald will acquire 43.59 lakh equity shares, and 7.25 lakh compulsorily convertible de bentures, constituting 100 per cent of the issued and paid-up share capital of Radial (Phase II) IT Park Pvt Ltd for a consideration of Rs 234.33 crore, TVS Holdings said in a regulatory filing.