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TVS Motor Company subscribes 28.57% stake in IFQM

15 Feb 2024 Evaluate

TVS Motor Company has subscribed to 28.57% stake in Indian Foundation for Quality Management (IFQM) by way of newly issued shares of IFQM. The investment is in line with the company’s commitment to improve the quality of Indian products and services and increase the exports, thereby boosting India's GDP growth and enhance India's global trade share and its image as a quality provider. IFQM will complete the allotment of shares on or before April 15, 2024 i.e. within 60 days of receipt of subscription amount.

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

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