TVS Motor Company has issued a material update regarding the divestment of its shares in Roppen Transportation Services Private Limited, initially announced on November 6, 2025. The transaction involves the purchase of 11,997 Series D CCPS. The purchasing responsibility has been partially reassigned between Purchaser 1 and an affiliate, Accel Leaders 5 Holdings, though the total number of shares and consideration remain unchanged.
Divestment Update Confirmed
TVS Motor Company Limited provided an update concerning the Share Purchase Agreement (SPA) originally entered into on November 6, 2025, regarding the divestment of the Company’s shareholding in Roppen Transportation Services Private Limited. The update concerns the purchase of 11,997 Series D Compulsory Convertible Preference Shares (CCPS) by Purchaser 1.
Revised Purchase Allocation
The Company was informed on February 18, 2026, that the transfer of the 11,997 Series D CCPS will be executed through a revised allocation between the original buyer and an affiliate:
- Purchaser 1 will now acquire 1,800 Series D CCPS.
- Accel Leaders 5 Holdings (Mauritius) Limited, an affiliate of Purchaser 1, will acquire the remaining 10,197 Series D CCPS.
Impact on Total Transaction Value
TVS Motor Company explicitly stated that this reallocation of shares among the buyers does not alter the aggregate number of securities intended to be divested. Furthermore, the total consideration receivable by the Company under the terms of the SPA remains unaffected by this internal restructuring of the purchase.
Source: BSE
