TVS Motor (Singapore) pays balance consideration of EUR 1 million to Killwatt GmbH
On completion of pre-agreed milestone by Killwatt GmbH
TVS Motor Company announced that TVS Motor (Singapore) has paid the balance EUR 1 million to Killwatt GmbH basis the completion of the specified pre-agreed milestone by Killwatt GmbH.Earlier, TVS Motor (Singapore) had acquired an additional 14.28% stake in Killwatt GmbH for a total consideration of EUR 4 million, whereby EUR 3 million had been paid on 15 November 2023.
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First Published: Feb 21 2024 | 2:15 PM IST