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TVS Srichakra informs about acquisition

23 Aug 2018 Evaluate

TVS Srichakra has informed that the company is participating in the Rights Issue offered by its wholly owned subsidiary, TVS Srichakra Investments, to the extent of its entitlement, i.e. 409780 shares for a consideration of Rs 5.99 Crores.  Simultaneously, TVS Srichakra Investments will be participating in the Rights Issue offered by its wholly owned subsidiary TVS Sensing Solutions (formerly ZF Electronics TVS India) to the extent of its entitlement, i.e. 582524 shares for a consideration of Rs 5.99 Crores.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
MRF 121856.95
Apollo Tyres 416.50
JK Tyres & Inds. 331.95
Ceat 3289.85
Balkrishna Inds. 2072.55
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