TVS Motor Company Limited — JV/Acquisition, 23-12-2024: Acquisition

TVS Motor Company has successfully acquired 39.11% of the issued share capital of DriveX Mobility Private Limited, increasing its stake to 87.38%, making DriveX a subsidiary. This acquisition involved 7,914 equity shares and is part of the company's strategy to deepen its presence in the mobility sector. The move is expected to enhance operational synergies and expand market capabilities, potentially boosting shareholder value through increased control and strategic alignment with emerging mobility solutions.