TVS Motor Company inches up as its arm acquires additional 30% stake in EBCO
TVS Motor Company is currently trading at Rs. 2438.25, up by 7.55 points or 0.31% from its previous closing of Rs. 2430.70 on the BSE.
The scrip opened at Rs. 2376.10 and has touched a high and low of Rs. 2438.25 and Rs. 2376.10 respectively. So far 2834 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1873.05 on 19-Apr-2024.
Last one week high and low of the scrip stood at Rs. 2477.95 and Rs. 2355.75 respectively. The current market cap of the company is Rs. 114923.57 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.21% and 8.53% respectively.
TVS Motor Company’s wholly-owned subsidiary --TVS Motor (Singapore) (TVSM Singapore), has acquired additional 30% of the share capital of EBCO from its existing shareholder for a consideration of GBP 60,000. Consequently, EBCO has become a wholly owned subsidiary of TVSM Singapore and the company effective from March 26, 2025.
TVS Motor Company (TVSM) considers EBCO as a long-term partner to establish a strong presence in the e-bike business. To this end, TVSM proposes to obtain the entire stake (100%) in the Target through its Singapore Subsidiary, TVS Motor (Singapore).
TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.
