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    Sundram Fasteners acquires 53% stake in Sundram Non-conventional energy
    9/5/2008
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        Sundram Fasteners, has announced that it has take over 52.94% equity share capital of Sundram Non- conventional Energy Systems Ltd (SNES).

    The proposed company (Sundram Fasteners) is a part of TVS group.

    SNES, which produces power through windmills, was a subsidiary of Sundram Fasteners Investments Ltd and Upasana Engineering Ltd (UEL).

    Consequent to the acquisition of the equity shares, SNES has become a direct subsidiary of the Company with effect from August 27, 2008.

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