TVS Motor arm acquires company in Singapore

TVS Motor (Singapore) Pte Limited (TVSM Singapore), an overseas subsidiary of the Company has acquired a company in Singapore for Sg $ 1, and thereby it has become a subsidiary of TVSM Singapore as well as to the Company. The newly acquired company has been renamed as TVS Digital Pte Ltd.

The acquisition does not fall under a related party transaction.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.625 as compared to the previous close of Rs. 627.45. The total number of shares traded during the day was 56389 in over 1559 trades.

The stock hit an intraday high of Rs. 635.45 and intraday low of 623.45. The net turnover during the day was Rs. 35516395.

Source : Equity Bulls

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