Business Update31 Mar 2024, 04:42 am
TVS Motor Company Sells Entire Stake in Tagbox Solutions Private Limited
AI Summary
TVS Motor Company Ltd. has sold its entire shareholding of 23.5% in Tagbox Solutions Private Limited, an associate company, on March 30, 2024. The sale consisted of 45,710 equity shares and 3,83,983 compulsorily convertible preference shares. The transaction was completed for a consideration of INR 1,07,423.25 and did not involve any related party transactions.
Key Highlights
- TVS Motor Company sold its entire stake in Tagbox Solutions Private Limited
- Sale consisted of 45,710 equity shares and 3,83,983 compulsorily convertible preference shares
- Consideration for the sale was INR 1,07,423.25
- No related party transactions were involved