TVS Srichakra has made an investment in SG Acquisition Corporation, USA. Investment involves the subscription of 300 Common Shares at a price of $10,000 per Share, aggregating to a total amount of $3 million in SG Acquisition Corporation, USA. This investment grants the company 100 percent ownership of SG Acquisition Corporation, USA. Furthermore, SG Acquisition Corporation will subsequently assume and takeover assets, liabilities and business operations of Super Grip Corporation, USA.
TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.
