Other Private Equity/Strategic Investments
TVS Motos to hike stake in Germany’s electric mobility co Killwat to 49%
Publicly listed, Chennai-headquartered TVS Motor Company has increased stake in the Germany-based electric mobility products and components startup Killwatt GmbH from 39.28 % to 49% with the acquisition of an additional 8,000 equity shares for 4 million euros (over INR 35 crore).Killwatt is a privately held firm engaged in businesses comprising development, design, manufacture, sale and distribution of products and components in the field of electric two-wheelers.
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