MoneyWorks4Me

Vanguard Group buys 0.58% stake in Eicher Motors for Rs 309 crore

22 Jun 2015 Evaluate

Vanguard Group Inc A/C Vanguard Emerg has picked 0.58% stake in Eicher Motors for Rs 309 crore. It has bought 0.16 million shares at a price of Rs 19676.89 a share on the National Stock Echange (NSE).

Earlier, Eicher Polaris, a 50:50 joint venture between Eicher Motors and Polaris Industries Inc., announced the launch of Multix, India's First Personal Utility Vehicle, thereby creating a new category in the automotive segment.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
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