TVS' promoter entity sells 2.56 million shares of the company for Rs 262 crore

6 Dec 2022 , 10:43 AM

On Monday, a promoter of the TVS Motor Company sold 25,69,000 shares of the business for Rs 262 crore in an open market transaction. Srinivasan Trust sold 25,69,726 shares, or 0.54 percent of the firm, according to BSE bulk sale data.

The shares were sold at an average price of Rs 1,020.03 per share, bringing the total transaction value to Rs 262 crore. According to shareholding information filed with the exchange, Srinivasan Trust owned 0.54 % of the business as of the quarter that ended in September. On the BSE, shares of TVS Motor Company closed 3.01 % lower at Rs. 1,017.75 a share.

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