Castrol India Ltd. has agreed to pick up a stake in TVS Group-controlled Ki Mobility Solutions Pvt., in what would be its largest all-cash deal yet.
The lubricant maker will acquire in two tranches a 7.09% stake in the Madurai-based online-to-offline aftermarket service platform for a total consideration of Rs 487.5 crore, according to an exchange filing on Friday.
At a time when markets are under a lot of pressure, TVS Motor Company hit a new 52-week high earlier this week. Find out why the auto stock is soaring.
With his humble beginning as a lawyer, he grew into one of the most successful industrialists of his time. The flagship company of the group is TVS Motors, established by his son, T.S. Doraiswamy