TVS Motor Company Ltd (TVSMOTOR)
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in shareholding of subsidiary
TVS Motor increased its shareholding in subsidiary DriveX Mobility Pvt Ltd to 92.41% from 87.38%. The acquisition of 0.20% shares was completed on April 15, 2026, via cash consideration of Rs 9.996 Cr. DriveX is engaged in leasing and trading of two-wheelers with FY25 turnover of Rs 59.97 Cr and a loss after tax of Rs 46.33 Cr. The acquisition is a related party transaction at arm's length.
Source: Original filing PDF
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