New Delhi: Shares of TVS Motor Company zoomed more than 11 per cent in early trade on Tuesday after reports surfaced that the company is in talks to raise funds for its EV subsidiary.
According to an ET report, India’s third largest two-wheeler maker is in talks with a clutch of global private equity investors to raise $300-500 million (Rs 2,220-3,700 crore) for its electric vehicle subsidiary.
The company may value its electric vehicle (EV) subsidiary at $3.5-4 billion, ET reported, quoting…
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