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TVS Motor Company signs share purchase agreement to divest entire stake in Intellicar Telematics

17 May 2022 Evaluate

TVS Motor Company has signed a share purchase agreement on May 16, 2022 with Fabric IOT (Fabric IOT) and Intellicar Telematics (Intellicar), a wholly owned subsidiary of TVS Motor, to divest the entire shareholding (100%) of TVS Motor in Intellicar to Fabric IOT as per the terms of the agreement. Post the transaction, Intellicar and its wholly-owned subsidiary, Intellicar Singapore, will cease to be subsidiaries of TVS Motor.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
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