Other Deals - Listed Firms
TVS Motor picks up addl stake in group co. TVS Supply Chain for Rs.107-Cr
Zee Business TVS Supply Chain Solutions
Publicly-listed automobile manufacturer TVS Motors has bought additional shares of listed logistic services provider TVS Supply Chain Solutions for INR 107 crore through an open market transaction.The company purchased 67.10 lakh shares at an average price of INR 159.42 apiece, amounting to 1.52% stake in TVS Supply Chain Solutions. After the stake buy, TVS Motor Company's holding in the company increased to 3.91% from 2.39%.Founded in 1995 as TVS Logistics, TVS Supply Chain Solutions provides comprehensive supply chain management services, including logistics, warehousing, and transportation, to clients across automotive, consumer goods, defense, and utilities sectors.
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