The name of BBT 35/22 Vermogensverwaltungs GmbH is proposed to be changed into Celerity Motor GmbH Post acquisition, the acquired company will become a subsidiary of TVSM Singapore as well as of TV Motor. The object of acquisition is to undertake activities related to two-wheeler & three-wheeler vehicles, including research, development, engineering, sales and service thereof. The cash consideration for the acquisition stood at Euro 25,000. The acquisition is expected to be completed by 6 December 2022. BBT 35/22 Vermogensverwaltungs GmbH is incorporated in Germany on 8 June 2022 and is yet to commence its business operations. TVS Motor Company is a reputed two and three-wheeler manufacturer globally. The company has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. On consolidated basis, the companys net profit jumped 59.5% to Rs 386.31 crore on 32% rise in net sales to Rs 8,560.76 crore in Q2 FY23 over Q2 FY22. The scrip rose 0.42% at Rs 1029.65 on the BSE. Powered by Capital Market - Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.