TVS Holdings rises on acquiring 100% stake in TVS Digital
TVS Holdings is currently trading at Rs. 14424.95, up by 210.60 points or 1.48% from its previous closing of Rs. 14214.35 on the BSE.
The scrip opened at Rs. 14322.50 and has touched a high and low of Rs. 14520.00 and Rs. 14308.00 respectively. So far 69 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 14977.75 on 27-Aug-2024 and a 52 week low of Rs. 5100.60 on 10-Oct-2023.
Last one week high and low of the scrip stood at Rs. 14663.20 and Rs. 14017.45 respectively. The current market cap of the company is Rs. 28758.62 crore.
The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 13.00% and 12.54% respectively.
TVS Holdings has acquired 100% stake in TVS Digital, a step down Subsidiary Company, by way of purchase of shares from TVS Motor Company, a subsidiary of the Company. Consequent to the acquisition, the TVS Digital has become a wholly owned subsidiary of the company, effective from September 16, 2024. Cost of acquisition is Rs 4.14 crore.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
