Archive · 7 Nov 2025
TVS Motor Sells Rapido Stake for ₹288 Crore
TVS Motor, a company that makes vehicles, has sold some of its ownership in a company called Rapido.
Rapido is known for its services like bike taxis and deliveries.
TVS Motor sold its shares for a total of 288 crore rupees.
They sold these shares to two other companies: Accel India VIII (Mauritius) Ltd and MIH Investments One B.V. This sale is a way for TVS Motor to get money from its investment in Rapido.
The announcement about this sale was made on a Thursday evening.
TVS Motor Ltd has sold its stake in Rapido (Roppen Transportation Services Private Limited) for ₹288 crore.
The shares were sold to two investment companies: Accel India VIII (Mauritius) Ltd and MIH Investments One B.V.
TVS Motor sold a total of 23,985 Series D CCPS in the transaction.
Accel India VIII (Mauritius) Ltd purchased 11,997 Series D CCPS for ₹143 crore.
MIH Investments One B.V purchased 11,988 Series D CCPS for ₹143 crore.
- Who
- TVS Motor Ltd
- What
- Sold its stake in Roppen Transportation Services Private Limited (Rapido) by selling Series D CCPS.
- When
- November 7, 2025
- Where
- India (TVS Motor's exchange filing location)
- Why
- To monetize its investment in Rapido.
- TVS Motor's Rapido Stake Sale Value
- ₹288 crore
- Number of Series D CCPS Sold
- 23,985 (11,997 to Accel India VIII (Mauritius) Ltd and 11,988 to MIH Investments One B.V)
- Buyers of TVS Motor's Rapido Stake
- Accel India VIII (Mauritius) Ltd and MIH Investments One B.V
- Transaction Date
- November 7, 2025
