You are here: Home » News-CM » Companies » News
Business Standard

TVS Motor Company to divest entire stake in Intellicar Telematics

Capital Market 

TVS Motor Company signed a share purchase agreement on 16 May 2022 with Karan Makhija, Shunmuga Krishnan, Sidharth Middela, Fabric IOT (Fabric IOT) and Intellicar Telematics (Intellicar), a wholly owned subsidiary of TVS Motor, to divest the entire shareholding (100%) of TVS Motor in Intellicar to Fabric IOT as per the terms of the agreement.

Post the transaction, Intellicar and its wholly-owned subsidiary, Intellicar Singapore, will cease to be subsidiaries of TVS Motor

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, May 17 2022. 19:10 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU