TVS Motor Company Limited — JV/Acquisition, 05-08-2025: Acquisition
05-08-2025 | 06:54 pm
05-08-2025 | 06:54 pm
TVS Motor's Singapore subsidiary has completed its additional 9.72% stake acquisition in Killwatt GmbH by paying the final EUR 0.4 million (approx 3.6 Cr). This payment finalizes the total EUR 4 million (approx 36 Cr) consideration for the additional stake. The payment was released after Killwatt achieved a pre-agreed milestone, underscoring TVS Motor's commitment to this strategic investment. This move reinforces its portfolio without significant financial impact on the balance sheet.
No comments yet. Be the first to comment!
