TVS Motor Company’s wholly owned subsidiary -- TVS Motor (Singapore) Pte. (TVSM Singapore) has planned to acquire additional 8.26% of the share capital of The GO Corporation (GOAG), Switzerland from its existing shareholder for a total consideration of 500,000 Swiss franc (CHF).
Upon consummation of the transaction, the TVSM Singapore’s holding in GOAG will increase to 100% and consequently it will become a wholly owned subsidiary of TVSM Singapore and the Company. The said acquisition is expected to be completed by March 31, 2025.
TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.
