Sundaram Finance Holdings Limited (NSEI:SUNDARMHLD) agreed to acquire Bih Braking Company Private Limited from Brakes India Private Limited for INR 0.6 million on November 22, 2021. As per the transaction Sundaram Finance Holdings Limited will acquire of 60,000 equity shares of Bih Braking Company Private Limited for INR 10 each. As on March 31, 2021, Bih Braking Company Private Limited generated revenue of INR 1.1 million, loss after tax of INR 0.01 million and net worth of INR 4.2 million. The transaction approved by board of directors of Sundaram Finance Holdings Limited and is expected to be completed by end of December 2021.