TVS Motor moves up as its arm to acquire additional 25% stake in Swiss E-Mobility Group
TVS Motor Company is currently trading at Rs. 1346.95, up by 9.70 points or 0.73% from its previous closing of Rs. 1337.25 on the BSE.
The scrip opened at Rs. 1362.10 and has touched a high and low of Rs. 1384.55 and Rs. 1344.00 respectively. So far 50550 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,384.55 on 12-Jun-2023 and a 52 week low of Rs. 723.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1384.55 and Rs. 1287.35 respectively. The current market cap of the company is Rs. 64136.76 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.40% and 8.33% respectively.
TVS Motor Company’s subsidiary--TVS Motor (Singapore) has agreed to acquire an additional 25% stake in Swiss E-Mobility Group (Holding) AG (SEMG), Switzerland by way of purchase of shares from the existing shareholders. SEMG is currently a subsidiary of TVS Motor (Singapore) and the company and consequent to the additional acquisition, SEMG will become a wholly owned subsidiary of TVS Motor (Singapore) and also the company.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
