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TVS Holdings rises on acquiring additional stake in Emerald Haven Realty
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TVS Holdings is currently trading at Rs. 8217.70, up by 95.80 points or 1.18% from its previous closing of Rs. 8121.90 on the BSE.
The scrip opened at Rs. 8158.00 and has touched a high and low of Rs. 8277.75 and Rs. 8158.00 respectively. So far 31 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 8876.25 on 19-Dec-2023 and a 52 week low of Rs. 2,902.38 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 8500.00 and Rs. 7650.00 respectively. The current market cap of the company is Rs. 16432.30 crore.
The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 13.54% and 11.99% respectively.
TVS Holdings has acquired an additional stake of 11.66% in Emerald Haven Realty (EHRL), Subsidiary Company, by way of purchase of shares from an existing shareholder. Consequent to the additional acquisition, the company’s stake in EHRL has increased to 89.26% from 77.60%. EHRL presents great diversification potential which has been conceptualized by the company and hence this additional investment is made.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
