TVS Motor Company Limited has informed the Exchange about update on acquisition
TVSMOTOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TVS Motor Company, through its subsidiary TVS Motor (Singapore) Pte Ltd, has completed the acquisition of an additional 9.72% stake in Killwatt GmbH by paying the final balance of EUR 0.4 million. This payment was made after Killwatt GmbH completed a specific pre-agreed milestone. The total consideration for the 9.72% stake was EUR 4 million, with earlier tranches of EUR 2 million (paid in Feb 2024) and EUR 1.6 million (paid in Feb 2025) already disbursed. This marks the full closure of the previously announced stake purchase in the Germany-based company.
This is a minor, incremental update closing out a previously announced acquisition. The final payment is small relative to TVS Motor's size, so limited direct impact on shareholders, but it completes the company's strategic investment in Killwatt GmbH, potentially supporting its electric mobility or related technology ambitions.