MoneyWorks4Me

Jaya Hind Investments raises stake in Force Motors

01 Aug 2014 Evaluate

Jaya Hind Investments has increased its stake in Force Motors through purchase of 4.2 lakh shares from the market on July 31 in a bulk deal valued at Rs 23.10 crore. With a total of 72.68 lakh shares, Jaya Hind Investments now holds 55.16% of the paid-up equity capital of the company. Prior to this deal, Jay Hind’s holding stood at 68.48 lakh shares in the company.

Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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