TVS Motor Company Ltd to Sell Stake in Roppen Transportation Services for INR 287.94 Cr

TVS Motor Company Ltd has entered into share purchase agreements with Accel India VIII (Mauritius) Limited and MIH Investments One B.V. to sell its stake in Roppen Transportation Services Private Limited. The total consideration for the sale of 11,997 Series D Compulsory Convertible Preference Shares (CCPS) to Accel India VIII (Mauritius) Limited is INR 143,96,40,000 and for the sale of 10 Equity Shares and 11,988 Series D CCPS to MIH Investments One B.V. is INR 143,97,60,000, making the total transaction value INR 287,94,00,000.