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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.

24,008.00 -265.80 (-1.10%)

79,454.47 -880.34 ( -1.10%)

53,595.25 -770.40 ( -1.42%)

35,880.10 -122.35 ( -0.34%)

41,266.30 -123.15 (-0.30%)

5,680.75 -4.19 (-0.07%)

37,492.25 563.62 (1.53%)

8,554.80 23.19 (0.27%)

85.39 0.69 (0.81%)

96.28 0.21 (0.22%)

113.48 0.52 (0.46%)

0.59 0.00 (-0.21%)