Force Motors’ Promoters Jaya Hind Investments and others, have acquired 6.31 lakh equity shares of Rs 10 each (in demat form) on ‘Spot Delivery Basis’ from twelve Members of the Company on February 17, 2014. The necessary disclosures as per the applicable regulations in respect of these acquisitions of the Promoter Group are being organized.
With this acquisition, the number of shares held by the Promoter Group stands increased from 68.18 lakh equity shares to 74.49 lakh equity shares, i.e. from 51.75% to 56.54% of the total Paid Up Share Capital of the Company.
Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
