TVS Motor Company will acquire the entire stake of STPL Trading and Services for ₹530.08 crore. The board of directors approved the purchase and the execution of a sale and purchase agreement during a meeting held on 28 October 2026.
The company stated that STPL will become a wholly owned subsidiary once the transaction is complete. This acquisition includes the signing of a sale and purchase agreement along with other necessary ancillary documents. The board finalized this decision at 2.50 PM IST on the day of the meeting.
Management provided these details in accordance with the SEBI Listing Regulations and the master circular dated 30 January 2026, bearing reference number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The company submitted this information to the BSE as part of its regulatory filings. Further specifics regarding the acquisition, as required under the SEBI Listing Regulations, are set forth in Annexure 1 of the company filing. The board of directors confirmed the approval process for this transaction during their meeting held on 28th October 2026.
Based on company and agency reports. For information only; not investment advice.