6th June 2015, 15:18
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| Volvo divests 8.4% share in Eicher Motors Volvo Eicher Commercial Vehicles (VECV) is a joint venture that was created in 2008. As a part of the agreement between AB Volvo and Eicher Motors Limited (EML), Volvo acquired 22.75 lakh shares (8.4%) of EML, along with the 45.6% share in VECV. Volvo has now divested its 8.4% share in EML and the move has no relation with / will have no impact on the VECV joint venture. VECV will continue to function as it always has and Volvo divested its share in EML because the brand didn’t find the stake strategically important. The VECV JV includes the complete range of Eicher branded trucks and buses, VE powertrains, Eicher’s components and engineering design services businesses, the sales and distribution business of Volvo Trucks as well as aftermarket support to Volvo Buses in India.  *Image for representation only Last edited by Tushar : 6th June 2015 at 15:20. |
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8th June 2015, 14:25
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8th June 2015, 15:14
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| Re: Volvo divests 8.4% share in Eicher Motors Quote:
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A small calculation from my part,please correct me if I'm wrong. Eicher motors stock price on July 2008 ( Date VECV started according to their web site) 250 approx Eicher motors stock price on June 2015 18450 approx Worth of stock divested by Volvo = 22,75 Lakh shares Profit = 22,75 Lakhs * (18450 - 250 ) = 4,14,050 Lakhs!!! Or 4140 Crores Whoa, Now that is awesome business by Volvo! Last edited by batterylow : 8th June 2015 at 15:22. Reason: Adding Quote and changing numbers | ||
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16th June 2015, 23:22
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| Re: Volvo divests 8.4% share in Eicher Motors Quote:
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