TVS Motor Company announced the successful completion of the sale of its equity stake in Roppen Transportation Services Private Limited. The transaction involved the divestment of 11,997 Series D Compulsory Convertible Preference Shares (CCPS). The shares were sold to two specific entities: Accel Leaders 5 Holdings (Mauritius) Limited and Accel India VIII (Mauritius) Limited. The finalization of this strategic sale occurred on February 25, 2026.
Update on Share Divestment
Further to previous communications made on November 6, 2025, and February 19, 2026, TVS Motor Company has confirmed the final completion of a significant share transaction. The Company has successfully sold its entire holding of 11,997 Series D Compulsory Convertible Preference Shares (CCPS) held in Roppen Transportation Services Private Limited.
Transaction Details and Timing
The purchasers of the CCPS were identified as Accel Leaders 5 Holdings (Mauritius) Limited and Accel India VIII (Mauritius) Limited. This divestment action officially concluded on February 25, 2026. The exact time of occurrence for this material event was recorded at 06:17 PM (IST) on the same date, marking the final step in this particular strategic exit.
Regulatory Compliance Confirmation
This closure of the sale is being treated as a material development requiring immediate disclosure. The Company confirms this action is in compliance with its obligations concerning material events and disclosures.
Source: BSE
