The company said it may consider further investment, subject to pricing, regulatory approvals, and required procedures, however, in no circumstance will it exceed 9.9 per cent.
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The board of the automotive major approved a scheme whereby 7 ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled.
So far this calendar year (CY23), shares of Bajaj Auto rose 34 per cent, as against 9.6 per cent gain in the S&P BSE Sensex, during the same period
In past three months, the stock price of the company has more-than-doubled or zoomed 123 per cent, as compared to 11 per cent rise in the S&P BSE Sensex.
The company said its board will meet on August 8, 2023 to consider sub-division/splitting its existing equity shares
According to media reports, Clarios ARBL Holding was to sell its entire 14 per cent stake in the company though bulk-block deal mechanisms on stock exchanges at a floor price of Rs 651 per share.
Exide said the strong automobile sales augur well for Company as higher vehicle sales not only help the OEM business but also expand the aftermarkets in years to come.
Thus far in the calendar year, the stock has skyrocketed 200 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.
Full-throttle performance driven by product premiumisation across vehicle manufacturers
Based on preliminary cash balances, JLR expects to report positive free cash flow of over £400 million in the June quarter.
In the past two months, the stock of auto components & equipment company has zoomed 64 per cent
Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India.
The share price of Maruti crossed Rs 10,000 mark for the first-time ever on Wednesday, after the company launched Invicto - its first car in Rs 20 plus lakh segment.
M&M hit a record high of Rs 1,440.75, up 3 per cent on the BSE
TPG Growth II SF Pte Ltd, on Friday, sold 4.46 million shares for Rs 293 crore through an open market transaction
Thus far in the month of June, the stock has surged 43 per cent after the company reported 30 per cent year-on-year and month-on-month jump in total sales at 2,645 units for the May month.
Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.
The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .
Thus far in the calendar year 2023, shares of Tata Motors and Tata Motors DVR have rallied 48 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex.