TVS Srichakra (TSL) is acquiring 5,00,000 equity shares in ZF Electronics (TVS) India, through its wholly owned subsidiary, TVS Srichakra Investments. Further, with the acquisition of the above shares, ZF Electronics (TVS) India will become a subsidiary of TVS Srichakra Investments.
TVS Srichakra is engaged in the business of tyre manufacturing. The company provides a complete range of two- and three-wheeler tyres and tubes catering to the domestic market and industrial pneumatic tyres, farm and implements tyres, skid steer tyres, multipurpose tyres, floatation tyres, etc.