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Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Filed: 15 May 2026, 15:30 IST Exchange: BSE Category: Merger/Acquisition — Asset Transfer
TVS Motor's wholly owned subsidiary TVS Ebike entered asset transfer agreements with Callista Asset Management 33 GmbH on May 14, 2026. The transaction involves transfer of certain assets and liabilities of TVS Ebike, with no unit or division being transferred. TVS Ebike's standalone turnover was CHF 51.55 Mn and net worth CHF 2.63 Mn in 2025. Consideration is CHF 16 Mn, payable over 24 months. Completion expected by August 13, 2026. Callista AMG is an unrelated German company.
Source: Original filing PDF — view on exchange portal
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