Tvs Motor Company has informed that TVS Motor Company’s subsidiary, TVS Motor (Singapore) had acquired an additional 14.28% stake in Killwatt GmbH for a total consideration of EUR 4 million, whereby EUR 3 million had been paid on 15th November 2023. Also informed that today, TVS Motor (Singapore) have paid the remaining EUR 1 million to Killwatt GmbH basis the completion of the specified pre-agreed milestone by Killwatt GmbH. This is a material development on the earlier disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.