2024-12-24 04:56:17 pm | Source: Accord Fintech
TVS Motor acquires additional 39.11% stake of DriveX
TVS Motor Company has completed acquisition of 7,914 equity shares of face value of Rs 10 each comprising 39.11% of the issued, subscribed and paid-up share capital of DriveX Mobility (DriveX).
Pursuant to the aforesaid acquisition, the Company’s holding in DriveX has increased to 87.38% and consequently it has become a subsidiary of the Company.
TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.
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