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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

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

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