Shares of TVS Motor Company Ltd are trading flat on 7th November after touching a day’s high of Rs 3,447.50, following two key corporate announcements made in separate stock exchange filings on Thursday, 6th November. The company said it will divest its stake in Roppen Transportation Services Pvt Ltd, the operator of Rapido, for a total consideration of nearly Rs 288 crore.

TVS Motor said it has signed share purchase agreements on 6th November to monetise its investment in ride-hailing platform Rapido.

The company will sell its stake to Accel India VIII (Mauritius) Ltd and MIH Investments One B.V. for a total of Rs 287.94 crore. As per the filing, Accel India will pay Rs 143.96 crore for 11,997 Series D CCPS, while MIH Investments will pay Rs 143.97 crore for 10 equity shares and 11,988 Series D CCPS.

In a separate filing, TVS Motor announced that Independent Director Deepali Pant Rajeev Joshi has resigned, effective at the close of business on 6th November, 2025. She cited her decision to pursue other interests as the reason for stepping down and confirmed there was no other material reason for her resignation.

At 12:11 PM, shares of TVS Motor were trading 0.64% lower at Rs 3,424.60 on NSE.

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