TVS Motor picks up additional shares of TVS Supply Chain Solutions for Rs 107 crore

TVS Motor Company connected Thursday bought further shares of TVS Supply Chain Solutions for Rs 107 crore done an unfastened marketplace transaction.

According to the bulk woody information disposable connected the BSE, TVS Motor Co purchased 67.10 lakh shares, amounting to 1.52 per cent involvement successful TVS Supply Chain Solutions.
The shares were acquired astatine an mean terms of Rs 159.42 apiece, taking the transaction worth to Rs 106.97 crore.

After the involvement buy, TVS Motor Company's holding successful R-Dinesh promoted TVS Supply Chain Solutions (TVS SCS) accrued to 3.91 per cent from 2.39 per cent.

R Dinesh started TVS Supply Chain Solutions, formerly TVS Logistics, successful 1995.

Meanwhile, Authum Investment & Infrastructure divested a 1.13 per cent involvement successful TVS SCS for Rs 80 crore.

The shares were picked up astatine an mean terms of Rs 160 per piece, the BSE information showed.

Shares of TVS Supply Chain Solutions fell 4.37 per cent to adjacent astatine Rs 139.95 apiece connected the BSE.

On Monday, TVS SCS reported a nett nonaccomplishment of Rs 24 crore for the 3rd 4th ended December 31, 2024, against a nett of Rs 10 crore a twelvemonth ago.

However, the company's gross for the 4th nether reappraisal roseate 10 per cent to Rs 2,444.6 crore compared to Rs 2,221.8 crore a twelvemonth ago.