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TVS Srichakra’s arm executes Asset Purchase Agreement with Super Grip Corporation

04 Nov 2023 Evaluate

TVS Srichakra’s wholly owned subsidiary -- SG Acquisition Corporation has executed an Asset Purchase Agreement with M/s Super Grip Corporation, USA (SG), marking an important acquisition. This transaction involved transfer of assets, liabilities and business operations from M/s Super Grip Corporation, US, to M/s SG Acquisition, US, without subscribing to the shares in M/s Super Grip Corporation. The objective of acquisition is to expand business in the 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.

TVS Srichakra Share Price

5198.20 -135.15 (-2.53%)
09-Sep-2026 14:19 View Price Chart
Peers
Company Name CMP
MRF 128900.00
Apollo Tyres 421.70
Ceat 3309.65
JK Tyres & Inds. 357.40
Balkrishna Inds. 2201.10
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