TVS Motor Company is all set to further acquire 7,914 equity shares of face value of Rs 10 each comprising 39.11% of the issued, subscribed and paid-up share capital of DriveX Mobility (DriveX) from its existing shareholder.
Upon consummation of the transaction, the company’s holding in DriveX will increase to 87.38% and consequently DriveX will become a subsidiary of the company. With this acquisition, the company will be able to use its operational excellence to bring efficiencies in the business of the DriveX and serve the needs of the customers better.
Earlier, the company holds 9,766 equity shares of face value of Rs 10 each comprising 48.27% of the issued, subscribed and paid-up share capital of DriveX.
TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9777.15 |
| Hero MotoCorp | 5229.25 |
| TVS Motor | 3743.60 |
| Eicher Motors | 7189.40 |
| Ather Energy | 850.65 |
| View more.. | |
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