TVS Motor Company has raised its shareholding in its subsidiary - DriveX Mobility (DriveX) to 92.41% from 87.38%. The proceeds of the issue will be primarily utilized towards repayment of the debt obligations and for operational expenses of DriveX.
DriveX is engaged in the business of leasing two-wheeler motor cycles and scooters (which, for abundant clarification shall exclude bicycles and electric bicycles); and selling, trading, and distributing pre-owned two-wheeler motor cycles and scooters (which, for abundant clarification shall exclude bicycles and electric bicycles).
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.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9777.15 |
| Hero MotoCorp | 5229.25 |
| TVS Motor | 3743.60 |
| Eicher Motors | 7189.40 |
| Ather Energy | 850.65 |
| View more.. | |
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