The members at the extra ordinary general meeting (EGM) of TVS Finance & Services on Mar. 07, 2008, accorded the board to voluntarily delist the company`s equity shares from Bombay Stock Exchange (BSE) and Madras Stock Exchange (MSE) on which the company`s equity shares are presently listed.
TVS Finance & Services (TVS-FS) was established in 1998 and is a part of TVS group. TVS-FS`s core business includes both corporate and retail finance. The products offered to the corporate sector include leasing and hire purchase of equipment and discounting of bills. Retail financing is focused on financing products comprising TVS Suzuki two wheelers, consumer durables and other IT products.
Shares of the company declined Rs 1.05, or 4.37%, to settle at Rs 23. The total volume of shares traded was 14,040 at the BSE.