Force Motors’ promoter has increased its stake in the company to over 60% by acquiring more than one lakh shares of vehicle manufacturer from open market. The promoter of the company -- Jaya Hind Investments -- has acquired 1,00,200 equity shares of Rs. 10 each from the market on March 13, 2015.
With this acquisition, the number of shares held by the promoter group stands increased from 78,21,295 equity shares to 79,21,495 equity shares, from 59.36 per cent to 60.12 per cent of the total paid up share capital of 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.
