TVS Digital Pte Ltd, a subsidiary of TVS Motor Company, has announced that Altizon US is no longer an associate company. This change occurred because TVS Digital’s stake in Altizon US decreased from 20.064% to 10.489% due to the issuance of additional shares to Altizon’s promoters, effective January 23, 2026.
Altizon US Status Change
TVS Digital Pte Ltd has informed that Altizon Inc., USA (Altizon US) is no longer considered an associate of TVS Digital, a wholly-owned subsidiary of TVS Motor Company. This change is effective as of January 23, 2026.
Details of Stake Reduction
The reduction in stake occurred because Altizon US issued additional shares to its promoters. As a result, TVS Digital’s ownership in Altizon US decreased from 20.064% to 10.489%.
Source: BSE
