TVS Srichakra Limited (TSL) will be participating in the Rights Issue offered by its wholly owned subsidiary, TVS Srichakra Investments Limited (TVSSIL), to the extent of its entitlement, i.e. 136593 shares for a consideration of Rs. 1,99,99,947/-.
Simultaneously, TVS Srichakra Investments Limited (TVSSSIL) will be participating in the Rights Issue offered by its wholly owned subsidiary TVS Sensing Solutions Pvt. Limited (formerly ZF Electronics TVS India Pvt. Limited) to the extent of its entitlement, i.e. 1,94,174 shares for a consideration of Rs. 1,99,99,922/-.
In turn, TVS Sensing Solutions Private Limited will be participating in Compulsorily Convertible Preference shares to the extent of 200,000 shares at Rs.100/- each in Fiber Optic Sensing Solutions Private Limited, a subsidiary of TVS Sensing Solutions Private Limited.
Shares of TVS SRICHAKRA LTD. was last trading in BSE at Rs.957 as compared to the previous close of Rs. 919.45. The total number of shares traded during the day was 2618 in over 109 trades.
The stock hit an intraday high of Rs. 982.65 and intraday low of 910. The net turnover during the day was Rs. 2477844.