Acquisitions8 Oct 2025, 01:33 pm
Popular Vehicles and Services Ltd Approves Slump Sale Acquisition of R.K.S. Motor Private Limited
AI Summary
Popular Vehicles and Services Ltd has approved the acquisition of R.K.S. Motor Private Limited via slump sale on a going concern basis. The lump sum purchase consideration is not exceeding Rs. 93,00,00,000. The acquisition is part of the company's expansion plan and is expected to be completed by 31st October, 2025. R.K.S. Motor Private Limited is a Telangana-based automobile dealership for Maruti Suzuki India Limited with a turnover of Rs. 492.90 Crores in the financial year 2024-25.
Key Highlights
- Popular Vehicles and Services Ltd approves slump sale acquisition of R.K.S. Motor Private Limited.
- The acquisition is part of the company's expansion plan.
- R.K.S. Motor Private Limited is a Telangana-based automobile dealership for Maruti Suzuki India Limited.
- The lump sum purchase consideration is not exceeding Rs. 93,00,00,000.
- The acquisition is expected to be completed by 31st October, 2025.