TVS Motor Company Completes Sale of Roppen Transportation Services Stake to MIH Investments

TVS Motor Company Limited has completed the divestment of its shareholding in Roppen Transportation Services Private Limited, marking the conclusion of a strategic transaction announced earlier. The company informed stock exchanges about this material development through a regulatory filing under SEBI guidelines. Transaction Details The sale transaction was completed on February 17, 2026, at 6:16 PM IST, involving the transfer of the company's entire stake in Roppen Transportation Services Private Limited to MIH Investments One B.V. Transaction Component: Details Equity Shares Sold: 10 shares Series D CCPS Sold: 11,988 shares Buyer: MIH Investments One B.V. Completion Date: February 17, 2026 Completion Time: 6:16 PM IST Regulatory Compliance The transaction represents a material development following the initial disclosure made on November 6, 2025. TVS Motor Company has fulfilled its obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both major stock exchanges - BSE Limited and National Stock Exchange of India Limited - about the completion of this divestment transaction. This regulatory filing ensures transparency and keeps stakeholders informed about significant corporate developments. Strategic Implications The completion of this sale represents TVS Motor Company's exit from its investment in Roppen Transportation Services Private Limited. The transaction involved both equity shares and Series D Compulsorily Convertible Preference Shares, indicating a comprehensive divestment of the company's position in the transportation services entity. The sale to MIH Investments One B.V., a Netherlands-based entity, demonstrates international investor interest in the Indian transportation services sector. This transaction aligns with corporate strategic decisions regarding portfolio optimization and capital allocation. TVS Motor Company Limited has published statutory advertisements in newspapers on February 13, 2026, in compliance with SEBI regulations for the listing and trading approval of its 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS). Regulatory Compliance and Publication Details The advertisements were published in three newspapers as required under SEBI Master Circular provisions. The company received exemption from SEBI vide letter dated February 9, 2026, from the applicability of Rule 19(2)(b) of the Securities Contract (Regulations) Rules, 1957. Publication Details Newspaper Language Coverage Publication 1: Business Standard English All editions Publication 2: Jansatta Hindi All editions Publication 3: Makkal Kural Tamil All editions NCRPS Allotment and Structure Under the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Chennai on July 31, 2025, TVS Motor allotted 190,03,48,456 NCRPS on September 01, 2025. The preference shares were issued as bonus shares in the ratio of 4 NCRPS for every 1 equity share held by shareholders as on the record date of August 25, 2025. NCRPS Specifications Details Total NCRPS Allotted: 190,03,48,456 Face Value: INR 10.00 each Coupon Rate: 6% per annum Allotment Date: September 01, 2025 Redemption Period: 12 months from allotment Redemption Date: September 01, 2026 Stock Exchange Approvals The company has received in-principle approvals from both major stock exchanges for listing the NCRPS. National Stock Exchange of India Limited granted approval vide letter no. NSE/LST/50825 dated November 21, 2025, while BSE Limited provided approval through letter no. DCS/AMAL/BW/PS19/2025-26 dated November 20, 2025. Capital Structure Changes The scheme implementation resulted in significant changes to the company's authorized share capital structure: Capital Structure Pre-Scheme (₹) Post-Scheme (₹) Equity Shares (50 crore of ₹1 each): 50,00,00,000 50,00,00,000 NCRPS (200 crore of ₹10 each): - 2000,00,00,000 Total Authorized Capital: 50,00,00,000 2050,00,00,000 Shareholding Pattern The NCRPS allotment maintains the same shareholding pattern as equity shares, with TVS Holdings Limited being the largest shareholder holding 50.26% of both equity and preference shares. The top institutional investors include ICICI Prudential Balanced Advantage Fund (6.28%), Axa Mutual Fund (1.32%), and NPS Trust (1.29%). Financial Performance Highlights TVS Motor's recent financial performance demonstrates strong operational metrics. For the nine months ended December 31, 2025, the company reported consolidated revenue from operations of ₹41,016.79 crore and profit after tax of ₹2,366.88 crore, with earnings per share of ₹47.29. Financial Metrics (₹ Crore) Nine Months FY26 FY25 FY24 Revenue from Operations: 41,016.79 44,086.01 38,778.82 Profit After Tax: 2,366.88 2,379.81 1,778.54 Earnings Per Share (₹): 47.29 47.05 35.50 The statutory advertisements mark a crucial step in the listing process for the NCRPS, providing shareholders with a tradeable instrument while offering the company flexibility in liquidity management until redemption. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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