TVS Motor Company’s promoter entity -- Srinivasan Trust has sold 25.69 lakh shares of the company for Rs 262 crore through an open market transaction. According to the bulk deal data available with the BSE, Srinivasan Trust sold 25,69,726 shares, amounting to 0.54 per cent stake in the company. The shares were disposed of at an average price of Rs 1,020.03 per scrip, taking the transaction value to Rs 262 crore.
TVS Motor Company is a reputed two and three-wheeler manufacturer.