TVS Motor's Singapore arm acquires stake in German firm

TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a wholly-owned subsidiary of the Company has acquired 100% stake in BBT 35/22 Vermögensverwaltungs GmbH, a German Company and thereby it has become a subsidiary of TVSM Singapore as well as to the Company.

The name of the Company is proposed to be changed to Celerity Motor GmbH.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 1039.70 as compared to the previous close of Rs. 1017.75. The total number of shares traded during the day was 41558 in over 2202 trades.

The stock hit an intraday high of Rs. 1045.25 and intraday low of 1008.00. The net turnover during the day was Rs. 42496167.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 Singapore Acquisition GermanCompany