Popular Vehicles and Services Limited — Important, 29-05-2025: General Updates

Popular Vehicles and Services Ltd has announced a board meeting to approve divesting its entire stakes in Vision Motors Pvt Ltd and Kuttukaran Green Pvt Ltd. Vision Motors contributed ₹255.41 Cr in turnover (4.6% of consolidated) and ₹54.82 Cr net worth (8.58%), while Kuttukaran Green had ₹13.99 Cr turnover and a net worth deficit. The sale to Automart Services Pvt Ltd is valued at ₹70 Cr and is expected to complete soon. This divestment will streamline operations and improve focus on core businesses.