Corporate News     15-Sep-23
Ashok Leyland and TVS Mobility to form JV
Ashok Leyland and TVS Mobility have agreed to form a Joint Venture (JV) company, with TVS Mobility contributing to the extent of 50.1% and the Company to the extent of 49.9%.

The Company would be investing an amount of upto Rs. 40 crore, in one or more tranches, in the proposed JV Company, subject to compliance of various requirements and signing of agreements. The company will have 49.9% share in the proposed JV company.

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