VST Tillers to invest in Series A preferred stock of Zimeno; Stock surges 2%

Zimeno Inc is an Unlisted Company incorporated in the United States of America (USA).

Mar 04, 2021 11:03 IST India Infoline News Service

VST Tillers Tractors
V.S.T Tillers Tractors has entered into a share purchase agreement for investment in Series A Preferred Stock of Zimeno Inc ("Investee Company"). The investee company is in the development of Electric Autonomous Tractor.

Zimeno Inc is an Unlisted Company incorporated in the United States of America (USA).

As per the regulatory filing, VST Tillers will invest approximately Rs11.07cr in Series A preferred stock of Zimeno.

At around 10.59 am, VST Tillers was trading at Rs1943.60 per piece higher by Rs33.65 or 1.76%. The index has soared to an intraday high of Rs1965 per piece on Sensex. 

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