Acquisitions31 Dec 2025, 11:40 am
Popular Vehicles Subsidiary to Acquire Audi Dealership Assets from Olympus Motors for Rs. 120-150 Crores
AI Summary
Popular Vehicles and Services Ltd announced that its 100% subsidiary, Imperion Cars Private Limited, has entered into an Asset Purchase Agreement with Olympus Motors Private Limited to acquire assets related to Audi dealerships. The estimated annual revenue from the assets is in the range of Rs. 120-150 crores. This acquisition will help the Group expand its luxury segment and enter the States of Andhra Pradesh and Telangana, operating through a network of 5 locations. The transaction is a cash consideration of Rs. 9,75,00,000 and is expected to be completed immediately, subject to the satisfaction of terms and conditions.
Key Highlights
- Acquisition of Audi dealership assets by Popular Vehicles subsidiary
- Estimated annual revenue of Rs. 120-150 crores from the acquired assets
- Expansion of the Group's luxury segment and entry into Andhra Pradesh and Telangana
- Cash consideration of Rs. 9,75,00,000 for the acquisition
- Immediate completion of the transaction, subject to satisfaction of terms and conditions