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TVS Motor (Singapore) to acquire further 25% stake in Swiss E-Mobility Group

10-Jun-23 12:14 Hrs IST

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 shareholder.

SEMG is currently a subsidiary of TVS Motor (Singapore) Pte Ltd and the Company and consequent to the additional acquisition, SEMG will become a wholly owned subsidiary of TVS Motor (Singapore) and also the Company.

22,419.95 -150.40 (-0.67%)

73,730.16 -609.28 ( -0.82%)

48,201.05 -293.90 ( -0.61%)

33,666.25 111.85 ( 0.33%)

15,611.76 -100.99 (-0.64%)

38,085.80 -375.12 (-0.98%)

17,651.15 366.61 (2.12%)

37,934.76 306.28 (0.81%)

83.31 0.00 (0.00%)

89.11 0.15 (0.17%)

103.70 0.42 (0.41%)

0.54 0.00 (-0.15%)