17 Sep 2024

TVS Holdings Increases as It Acquires Full Stake in TVS Digital

TVS Holdings' stock is currently priced at Rs. 14,424.95, reflecting an increase of 210.60 points or 1.48% compared to its previous close of Rs. 14,214.35 on the BSE.

The stock opened at Rs. 14,322.50, reaching a high of Rs. 14,520.00 and a low of Rs. 14,308.00 during the day's trading session, with a total of 69 shares being exchanged.

A BSE group 'A' stock with a face value of Rs. 5, it has reached a 52-week high of Rs. 14,977.75 on August 27, 2024, and a 52-week low of Rs. 5,100.60 on October 10, 2023.

In the past week, the stock hit a high of Rs. 14,663.20 and a low of Rs. 14,017.45. The company's current market capitalization stands at Rs. 28,758.62 crore.

The company's promoters hold 74.45%, with institutions and non-institutional investors owning 13.00% and 12.54%, respectively.

TVS Holdings has acquired the entire stake in its subsidiary TVS Digital by purchasing shares from TVS Motor Company, a subsidiary of TVS Holdings. Following this acquisition, effective September 16, 2024, TVS Digital has become a wholly-owned subsidiary of TVS Holdings. The acquisition cost was Rs. 4.14 crore.

TVS Holdings, previously known as Sundaram-Clayton, is engaged in the production of non-ferrous gravity and pressure die castings.