TVS Motor Company Ltd enters into MoU with Government of Tamil Nadu

TVS Motor Company Ltd has entered into a Memorandum of Understanding (MoU) with Guidance, the Nodal Agency of Government of Tamil Nadu on 7th January 2024 as part of the Tamil Nadu Global Investors Meet 2024, Chennai.

TVSM proposes to invest Rs. 5000 Cr in 5 years and employment of 500 people by TVSM and facilitation and support by GoTN.

GoTN will provide facilitation and support to TVSM in the form of necessary infrastructural support and regulatory facilitation subject to applicable laws.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 1979.25 as compared to the previous close of Rs. 1983.00. The total number of shares traded during the day was 33693 in over 2336 trades.

The stock hit an intraday high of Rs. 2011.00 and intraday low of 1970.00. The net turnover during the day was Rs. 67165822.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 MoU Guidance GovernmentofTamilNadu