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Jwalamukhi Investment offloads stake in TVS Motor Company

19 Apr 2022 Evaluate

Jwalamukhi Investment has offloaded TVS Motor Company's shares worth Rs 212 crore through an open market transaction. Jwalamukhi Investment sold a total of 32,62,840 shares of TVS Motor. The scrips were divested on an average price of Rs 650.  As of December 2021, Jwalamukhi Investment Holdings held 2.47 crore shares, amounting to 5.21% stake in TVS Motor.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
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