TVS Motor Company Ltd. — M&A Activity 2021

Dec 13, 2021

S No	Particulars	Details
1.	Nameofthe target entity, detailsinbriefsuchassize, turnover etc.	TVS Electric Mobility Limited (TVSEM)Authorised and Subscribed Share Capital:Rs.1,00,00,000 (Rupees One Crore Only)
2.	Whether the acquisition would fall withinrelated party transaction(s) and-whetherthe promoter/ promoter group/ groupcompanies have any interestinthe entitybeing acquired?Ifyes, natureofinterestand details thereof and whether the same isdoneat"arm's length"	The entire sharesofTVSEMhave been subscribedby the Company and hence,TVSEMisa whollyowned subsidiaryofthe Company andisa relatedpartyofthe Company.
3.	Industrytowhich the entity being acquiredbelongs	Automotive
4.	Objects and effectsofacquisition (includingbut not limited to, disclosureofreasonsforacquisitionoftarget entity,ifits businessisoutside the main lineofbusinessofthelisted entity)	To undertake Electric Mobility business.
5.	Brief detailsofany govern men taIorregulatoryapprovalsrequiredfortheacquisition	Not Applicable
6.	Indicative time periodforcompletionoftheacquisition	Not Applicable
7.	Natureofconsideration - whether cashconsiderationorshare swap and detailsofthe same	Cashconsideration
8.	Costofacquisitionorthe priceatwhich theshares are acquired	1,00,00,000 equity sharesatface valueofRe.1each
9.	Percentageofshareholding_I_controlacquired and /ornumberofshares acquired	100%
10.	Brief background about the entity acquiredin termsofproducts/lineofbusinessacquired, dateofincorporation, historyoflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (in brief).	The Company is incorporated in India andregistered with the RegistrarofCompanies, Chennai, Tamil Nadu,on13thDecember 2021 andisyettocommence its business operations.