TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH
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TVS Motor Company is currently trading at Rs. 2053.05, up by 19.00 points or 0.93% from its previous closing of Rs. 2034.05 on the BSE.
The scrip opened at Rs. 2084.40 and has touched a high and low of Rs. 2085.55 and Rs. 2040.60 respectively. So far 4742 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1022.60 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2157.70 and Rs. 2006.45 respectively. The current market cap of the company is Rs. 96635.09 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.06% and 8.67% respectively.
TVS Motor Company’s subsidiary--TVS Motor (Singapore) has completed their further acquisition of 8,000 equity shares in Killwatt GmbH. Pursuant to the aforementioned acquisition, the shareholding of the company in Killwatt GmbH has increased from 39.28% to 49%, by way of newly issued shares of Killwatt GmbH.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
