TVS Motor’s arm to acquire additional 25% stake in Swiss E-Mobility Group

10 Jun 2023 Evaluate

TVS Motor Company’s subsidiary--TVS Motor (Singapore) has agreed to acquire an additional 25% stake in Swiss E-Mobility Group (Holding) AG (SEMG), Switzerland by way of purchase of shares from the existing shareholders. SEMG is currently a subsidiary of TVS Motor (Singapore) and the company and consequent to the additional acquisition, SEMG will become a wholly owned subsidiary of TVS Motor (Singapore) and also the company.

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


TVS Motor Share Price

2151.45 27.40 (1.29%)
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