TVS Motor exits TagBox after value erosion
Financial Express Mumbai|April 01, 2024
TVS MOTOR COMPANY, which has been on an investment spree, has lodged a near-100% wipeout of valuation of its stake in TagBox Solutions, a sevenyear-old Bengaluru-based machine learning startup.
SWARAJ BAGGONKAR

The Chennai-based maker of motorcycles, scooter and three-wheelers has sold its entire stake (23.5%) in TagBox Solutions, an artificial intelligence-based supply chain solutions company, back to its promoters.

TVS, which had purchased a 23.5% stake in TagBox for ₹11.2 crore in May 2019, sold the shares for just ₹107,423.

TVS informed the exchanges late on March 30.

この記事は Financial Express Mumbai の April 01, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の April 01, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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