Latest News | Jwalamukhi Investment Sells TVS Motor Shares Worth Rs 212 Cr

New Delhi, Apr 18 (PTI) Jwalamukhi Investment on Monday offloaded TVS Motor Company's shares worth Rs 212 crore through an open market transaction.

However, the buyer(s) of the shares could not be ascertained immediately.

Also Read | Lt General Manoj Pande is the New Indian Army Chief; Know All About the First Engineer to Hold the Top Post.

According to bulk deal data available with the National Stock Exchange (NSE), Jwalamukhi Investment sold a total of 32,62,840 shares of TVS Motor.

The scrips were divested on an average price of Rs 650, valuing the transaction at Rs 212.08 crore.

Also Read | Bombay High Court Asks Maharashtra Government To List Steps It Has Taken To Prevent Child Marriages in the State.

As of December 2021, Jwalamukhi Investment Holdings held 2.47 crore shares, amounting to 5.21 per cent stake in TVS Motor, shareholding data with the BSE showed.

TVS Motor has presence in 80 countries in Africa, Southeast Asia, Central and Latin America.

Share of TVS Motor settled 1.12 per cent higher at Rs 657.80 apiece on the NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)