Sundram Fasteners, a part of TVS group, has informed that it has acquired 52.94% equity share capital of Sundram Non- conventional Energy Systems Ltd (SNES).

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.