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TVS Motor gets nod to acquire entire stake in STPL Trading and Services
Oct-28-2026

TVS Motor Company has received approval for the acquisition of entire stake of STPL Trading and Services (STPL) for a sum of Rs 530.08 crore (Proposed Transaction), and execution of a Sale and Purchase Agreement (Agreement) along with other ancillary documents as may be required in connection with the proposed transaction. Upon completion of the aforesaid acquisitions, STPL will become a wholly owned subsidiary of the Company.

The acquisition is proposed as part of the company's business consolidation and restructuring initiatives. The acquisition is expected to be completed on or before December 31, 2026. The Board of Directors of the company at its meeting held on October 28, 2026 has inter alia approved the same. 

TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.

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