Shares of TVS Motor Co. rose on Monday after its Singapore unit bought stake in SEMG and it approved TVS Credit Services to raise equity capital of Rs 480 crore from Premji Invest.
Based on the OI percentage, 31 stocks, including Balrampur Chini Mills, India Cements, Hindustan Aeronautics, Apollo Tyres, and Delta Corp, saw a long build-up.
SEMG is currently a subsidiary of TVS Motor (Singapore) Pte Ltd and the Company and consequent to the additional acquisition, SEMG will become a wholly owned subsidiary of TVS Motor (Singapore) Pte Ltd and also the Company.