TVS Motor Company Ltd to acquire Intellicar for Rs. 15 crore

TVS Motor Company Ltd has announced that it will acquire 100% stake in Intellicar for around Rs. 15 crore.

Intellicar provides advanced fleet management solutions through an integrated platform powered by IoT technologies coupled with strong analytics and data management capabilities. It will help accelerate the ongoing digital initiatives at TVS Motor Company Ltd. that are targeted at delivering enhanced customer experience.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.499.35 as compared to the previous close of Rs. 474.6. The total number of shares traded during the day was 155746 in over 3191 trades.

The stock hit an intraday high of Rs. 504.9 and intraday low of 474.2. The net turnover during the day was Rs. 77077970.

Source : Equity Bulls

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