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TVS Motor Company Limited ( (IN:TVSMOTOR) ) just unveiled an update.
TVS Motor Company Limited announced that the National Company Law Tribunal, Chennai Bench, has approved a Scheme of Arrangement between the company and its shareholders. This scheme involves issuing and allotting four fully paid-up preference shares of INR 10 each for every equity share held by shareholders. This move is expected to enhance shareholder value and reflects the company’s commitment to rewarding its investors.
More about TVS Motor Company Limited
TVS Motor Company Limited operates in the automotive industry, focusing on the manufacturing and distribution of two-wheelers and three-wheelers. The company is a significant player in the Indian market, known for its innovation and customer-centric approach.
Average Trading Volume: 26,326
Technical Sentiment Signal: Buy
Current Market Cap: 1358.2B INR
See more data about TVSMOTOR stock on TipRanks’ Stock Analysis page.