In compliance with Regulation 30 of SEBI (LODR) Regulations and other applicable regulations contained therein. In continuation of its earlier disclosure dated 20th October 2023. TVS Srichakra has informed that the company has made an investment in SG Acquisition Corporation, USA. Investment involves the subscription of 300 Common Shares at a price of USD 10,000 per Share, aggregating to a total amount of USD 3 million in SG Acquisition Corporation, USA. This investment grants us 100 percent ownership of SG Acquisition Corporation, USA. Furthermore, it's important to note that SG Acquisition Corporation will subsequently assume and takeover assets, liabilities and business operations of Super Grip Corporation, USA. The intimation on the allotment of Common Shares from SG Acquisition Corporation is received at its end on 02 November 2023 at 9:08 pm (IST) The details required under regulation 30 of SEBI (LODR) Regulations, 2015 read with Circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are furnished in Annexure A. This intimation is also being uploaded on the Company’s website at https://tvseurogrip.com.
| Company Name | CMP |
|---|---|
| MRF | 139281.55 |
| Apollo Tyres | 441.50 |
| CEAT | 3796.75 |
| Balkrishna Inds. | 2284.55 |
| JK Tyres & Inds. | 419.15 |
| View more.. | |
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