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TVS Motor Company to divest majority stake in TVS Energy

12 Aug 2013 Evaluate

TVS Motor Company has received an approval to divest its majority stake in TVS Energy, a subsidiary of the company, subject to fulfilling certain related conditions agreed to between the parties before effecting actual transfer of shares in TVS Energy pursuant to an agreement signed on August 08, 2013. The board of director at its meeting has approved for the same.

TVS Motor Company is the flagship of the $6 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group.

Peers
Company Name CMP
Bajaj Auto 10377.00
TVS Motor Company 4078.80
Hero MotoCorp 5220.35
Eicher Motors 7150.00
OLA Electric Mobilit 34.95
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