Mercury Ev-Tech has received approval for the acquisition/purchase of 65% stake in Traclaxx Tractors, equivalent to 5,23,900 equity shares of Rs. 10 each at a price of Rs 10 each, total consideration being Rs 52.39 lakh. Henceforth, Traclaxx Tractors will be considered as Subsidiary Company of Mercury EV-Tech. The Board of Directors of the Company in their Meeting held on May 08, 2024, has approved the same.
Mercury Ev-Tech is pioneer in the manufacturing of Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and Electric Vehicles in India. The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc.
Company Name | CMP |
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Maruti Suzuki | 12600.00 |
Mahindra & Mahindra | 2504.50 |
Mercury Metals | 74.30 |
Hindustan Motors | 40.61 |
Suzuki (India) | |
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