Skip to main content

MoneyWorks4Me

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.


Peers
Company Name CMP
Bajaj Auto 10371.00
TVS Motor Company 4280.00
Hero MotoCorp 5107.00
Eicher Motors 7250.00
OLA Electric Mobilit 35.14
View more..