Acquisitions10 Oct 2025, 12:59 pm
Popular Vehicles and Services Ltd to Acquire R.K.S. Motor Private Limited for INR 93 Crores via Slump Sale
AI Summary
Popular Vehicles and Services Ltd has executed a Slump Sale Agreement with R.K.S. Motor Private Limited for the purchase of its business. The agreement was executed on 10th October 2025, effective from 15th October 2025, for a lump sum consideration of INR 93,00,00,000. The acquisition is aimed at expanding the business to a new state.
Key Highlights
- Popular Vehicles and Services Ltd to acquire R.K.S. Motor Private Limited's business via slump sale
- Transaction value is INR 93,00,00,000
- Acquisition aimed at expanding business to a new state
- Effective from 15th October 2025
- executed on 10th October 2025