eCommerce
TVS Motor To Infuse INR 64 Cr In Narain Karthikeyan’s DriveX
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SUMMARY
DriveX’s shareholders approved a proposal to issue 5,179 equity shares at INR 1.23 Lakh apiece to TVS Motor on a private placement basis
The startup said it would use the capital primarily towards repayment of its debt and for general corporate purposes
DriveX is a subsidiary of the automotive major, which holds an 87.38% stake in the pre-owned two-wheeler marketplace
TVS Motor Company is doubling down on its investment in pre-owned two-wheeler marketplace DriveX
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