TVS Motor Divests Stake in Rapido for INR 287.94 Crore

TVS Motors has announced a significant move in its investment portfolio, entering into share purchase agreements to divest its stake in Roppen Transportation Services Private Limited, popularly known as Rapido. The transaction, valued at INR 287.94 crore, marks a strategic shift for the automotive giant.

Transaction Details

The divestment involves two separate agreements with different buyers:

Buyer	Shares Sold	Consideration
Accel India VIII (Mauritius) Limited	11,997 Series D Compulsory Convertible Preference Shares (CCPS)	INR 143.96 crore
MIH Investments One B.V.	10 equity shares and 11,988 Series D CCPS	INR 143.98 crore

Regulatory Approval and Materiality

The completion of this transaction is subject to regulatory approvals that need to be obtained by both purchasers. TVS Motors has noted that the consideration from this disinvestment exceeds the materiality threshold specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

This move represents a monetization of TVS Motors' investment in Rapido, a prominent player in the transportation services sector. While the company has not disclosed the specific reasons for the divestment, such transactions often align with broader strategic goals or portfolio optimization efforts.

Market Impact

The sale of TVS Motors' stake in Rapido to established investment entities may signal confidence in Rapido's future prospects. For TVS Motors, this divestment could provide additional capital for core business investments or other strategic initiatives.

Conclusion

As the automotive industry continues to evolve, TVS Motors' decision to divest its stake in Rapido reflects the dynamic nature of corporate strategy in the sector. Investors and industry observers will likely keep a close watch on how TVS Motors utilizes the proceeds from this transaction and any potential impact on its future business direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.76%	-1.29%	-1.83%	+24.28%	+38.65%	+618.31%

TVS Motors , a prominent player in the Indian automotive industry, has announced a significant change in its board composition. Dr. Deepali Pant Rajeev Joshi, an Independent Director of the company, has tendered her resignation effective November 6, 2025.

Key Details of the Resignation

Dr. Joshi's departure from the board comes with several changes in the company's committee structure:

Position	Committee
Member	Audit Committee
Member	Nomination and Remuneration Committee
Chairperson	Stakeholders Relationship Committee

In her resignation letter, Dr. Joshi cited her decision to "pursue other interests" as the reason for stepping down. She confirmed that there are no material reasons for her resignation other than the stated pursuit of other interests.

Dr. Joshi's Other Directorships

At the time of her resignation, Dr. Joshi held positions in several other listed entities:

Company	Position	Committee Memberships
LMW Limited	Independent Director	Audit Committee (Member), Stakeholders Relationship Committee (Chairperson), Nomination and Remuneration Committee (Member), Corporate Social Responsibility Committee (Member)
Aurobindo Pharma Ltd	Independent Director	Nomination and Remuneration Committee (Chairperson), Audit Committee (Member), Corporate Social Responsibility Committee (Member)
Coromandel International Limited	Independent Director	Not Available
TVS Credit Services Limited	Independent Director	Not Available

Impact on TVS Motor Company

The resignation of an Independent Director may have implications for a company's corporate governance structure. Independent directors play a crucial role in providing unbiased perspectives and ensuring transparency in decision-making processes.

TVS Motor Company will need to address the vacancy left by Dr. Joshi's departure, particularly in the committees she was part of. The company has not yet announced a replacement for the positions vacated by Dr. Joshi.

Company's Response

TVS Motor Company has acknowledged Dr. Joshi's resignation in a filing to the stock exchanges, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has not provided any additional comments on the resignation or its plans to fill the vacant position.

As the automotive industry continues to evolve, changes in board composition can be significant for companies like TVS Motor. Stakeholders will likely be watching closely to see how the company addresses this change in its leadership structure.