TVS Motor Company sells entire stake in TVS Digital

Ace News

17th Sep 2024

TVS Motor Company has sold its entire holding of 30,50,000 equity shares of Rs 10 each (100%) in TVS Digital, a wholly owned subsidiary of the company on September 16, 2024. Consequent to the above, the TVS Digital has ceased to be a wholly owned subsidiary of the Company effective September 16, 2024. Consideration received from such sale/disposal is Rs 4.14 crore. 

TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motors strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.