TVS Motor Company informs about outcome of board meeting

TVS Motor Company has informed that the Board of Directors of the Company at its meeting held on January 29, 2016, has approved in-principle, an investment of a sum not exceeding 10 Million Hongkong Dollars for establishment of a wholly owned subsidiary of the Company in Hongkong, mainly to widen the potential in the export market and strengthen the supply chain management in the overseas countries. Details of the proposed subsidiary will be finalized and submitted for ratification by the board of directors in course of time.

The above information is a part of company’s filings submitted to BSE.