InvestorQ : Is TVS Motors looking to monetize its EV business?
vidhya Laxmi made post

Is TVS Motors looking to monetize its EV business?

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sarah Leo answered.
4 weeks ago
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The process appear to have just about started. TVS Motor kick-started the process to raise $350 million for its electric mobility business. The idea here is to unlock the hidden value in its EV business. This will make TVS Motor the third listed company after Tata Motors and Greaves Cotton to monetize and raise funds for an electric vehicle subsidiary.

There is a lot of appetite based on the initial response. Citi is acting as the advisor for this deal. Some of the top private equity funds or PE funds and even sovereign funds are expected to participate in this round. The iQube, has an order backlog of nearly 12,000 units as at the end of March 2022 and is rated quite high in the market.

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