Mumbai, Oct. 28 -- The board of TVS Motor Company at its meeting held on 28 October 2026 has approved 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.

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