TVS Tyres has announced the resignation of its chief financial officer, K V Ganesh. According to the tyre maker, he resigned with effect from the close of office hours of 23 October 2019. The company has yet to name his successor.
TVS Srichakra Limited (TVS Tyres) has disclosed its intention to participate in the rights issue offered by its wholly owned subsidiary, TVS Srichakra Investments Limited (TVSSIL). In a notification sent to the BSE today, the Indian tyre maker said it would participate to the extent of its entitlement, which is 409,780 shares for a consideration of Rs 59.9 million (£663,700).