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.
