The proposed investment is intended to support business expansion initiatives and execution of definitive agreements with A.L.A Corporation for collaboration and development of opportunities in India's aerospace and defense sectors.
Post the consummation of the investment by the Company and subject to the investment by A.L.A S.p.A (and/or its subsidiaries) in TVS Packaging, as per the terms of the definitive agreements, the Company will hold 51% shareholding interest in TVS Packaging, and A.L.A S.p.A (and/or its subsidiaries) will hold 49% shareholding interest in TVS Packaging.
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