TVS Credit Services Ltd seeks to raise $150 million: Report
2 years ago

TVS Credit Services Ltd seeks to raise $150 million: Report

Firstpost  

The vehicle financing arm of TVS Motor Company, TVS Credit Services Ltd, is looking to raise around $150 million via a share sale that may witness some of its existing investors pare their holdings. In a recent development, TVS Motor Company announced that it is planning to launch Euro-5 compliant two-wheeler models like TVS Apache and Jupiter in Turkey. According to the company, products such as TVS Jupiter, TVS Raider, TVS NTORQ Race Edition, and TVS Apache RTR 200 4V, are going to strengthen their position in the Turkish market. According to TVS Motor, TVS Jupiter and TVS Apache RTR 200 4V are the most popular products used by customers in Turkey.

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History of this topic

TVS Credit to make a bid for Avendus Capital
3 weeks, 1 day ago

TVS Credit to make a bid for Avendus Capital

Live Mint  

TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group's financial services business, three people with knowledge of the development said. TVS Group may acquire Avendus and keep it as a standalone entity within the group, or make an acquisition through TVS Credit, one of the two people cited …

TVS Motor Q1 net profit rises 23% to ₹577 crore on strong demand, margins
5 months ago

TVS Motor Q1 net profit rises 23% to ₹577 crore on strong demand, margins

Hindustan Times  

Two-wheeler maker TVS Motor Company reported better-than-expected first-quarter profit owing to firm demand for its two-wheelers and strong margins. The company, which makes the Jupiter brand of scooters and the Apache line of motorcycles, said its profit rose 23.5% to 5.77 billion rupees in the quarter ended June 30 from a year earlier. TVS Motor quarter results: Vimal Sumbly, Head …

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