TVS Srichakra Limited
Bank of India Mutual Fund initiated a new position in TVS Srichakra Limited, acquiring 77,875 shares, which represents a 1.02% stake in the company. This holding is valued at approximately ₹32 crore based on the share price of ₹4128.50 per share.
A leading manufacturer of two-wheeler tyres in India, TVS Srichakra serves both original equipment manufacturers and the aftermarket segment with a diverse product portfolio. The company, part of the TVS group, also produces off-highway tyres for domestic and export markets. Operating two manufacturing plants located in Madurai, Tamil Nadu and Rudrapur, Uttarakhand, it maintains a geographically distributed production footprint.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.