Mumbai, Feb. 3 -- TVS Motor Company announced that its subsidiary, TVS Motor (Singapore), had acquired an additional 9.72% stake in Killwatt GmbH for a total consideration of EUR 4 million, whereby EUR 2 million

had been paid on 29 February 2024.

Today, TVS Motor (Singapore), have paid EUR 1.6 million of the remaining EUR 2 million to Killwatt GmbH basis the completion of the

specified pre-agreed milestone by Killwatt GmbH. The balance EUR 0.4 million will be at a later date, subject to the completion of a specific pre-agreed milestone by Killwatt GmbH.

Published by HT Digital Content Services with permission from Capital Market....