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TVS Motor increases stake in Condivision Solutions: Report

10 Jan 2018 Evaluate

TVS Motor has reportedly increased stake in Condivision Solutions, which operates RentOnGo, an online marketplace for renting bikes. The Chennai-based two-wheeler firm has acquired additional 5.6 per cent stake in Condivision by investing Rs 50 million. Consequent to the additional investment, company's holding has increased to 29.6 per cent.

The company had already acquired minority stake in Bengaluru-based electric two-wheeler and energy infrastructure start-up Ultraviolette Automotive in December.

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.

Peers
Company Name CMP
Bajaj Auto 9733.90
TVS Motor Company 3901.65
Hero MotoCorp 4900.05
Eicher Motors 6851.90
OLA Electric Mobilit 33.39
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