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Steer Hybren has been incorporated in Mumbai, Maharashtra on 29 November, 2024, as a wholly owned subsidiary of Mahindra Susten (MSPL), which is a subsidiary of Mahindra Holdings (MHL), which in turn is a wholly owned subsidiary of Mahindra & Mahindra.
The Company has received an intimation from MSPL on 30 November, 2024 at 11.36 a.m. that the certificate of incorporation of Steer Hybren has been issued by the Ministry of Corporate Affairs.
Steer Hybren has been incorporated for production and sale of Power and Generating Electricity, Independent Power Producer (IPP), Distributed Energy including rooftop solar installation for commercial, industrial,
institutional and residential segment, through various renewable energy sources and energy storage systems etc.
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TVS Holdings has received approval of Reserve Bank of India (RBI) for the proposed direct change in control of Home Credit India Finance and consequent change in Board of Directors:
- change in shareholding/control by way of transfer of 80.74%, 10.79% and 8.47% equity shares of Home Credit to TVS Holdings, PI Opportunities Fund II and STPL Trading and Services respectively; and
- appointment of K Gopala Desikan as Non-Executive Director and B Sriram and Dr. Deepali Pant Joshi as Independent Directors of Home Credit.
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