12-08-2022 10:29 AM | Source: Accord Fintech
TVS Motor inches up as its arm acquires 100% stake in German Company
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TVS Motor Company is currently trading at Rs. 1029.50, up by 4.15 points or 0.40% from its previous closing of Rs. 1025.35 on the BSE.

The scrip opened at Rs. 1025.55 and has touched a high and low of Rs. 1035.50 and Rs. 1025.55 respectively. So far 3894 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.00 on 19-Oct-2022 and a 52 week low of Rs. 513.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1052.00 and Rs. 1008.00 respectively. The current market cap of the company is Rs. 48713.06 crore.

The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.25% and 8.96% respectively.

TVS Motor Company’s wholly-owned subsidiary -- TVS Motor (Singapore) (TVSM Singapore) has acquired 100% stake in BBT 35/22 Vermogensverwaltungs GmbH, a German Company and thereby it has become a subsidiary of TVSM Singapore as well as to the company. The name of the company is proposed to be changed to Celerity Motor GmbH. The object of acquisition is to undertake activities related to two-wheeler & three-wheeler vehicles, including Research, Development, Engineering, sales and service thereof.

TVS Motor Company is a reputed two and three-wheeler manufacturer.