Premji Invest picks 9.6% stake in TVS Motor's financing arm

Premji Invest picks 9.6% stake in TVS Motor's financing arm

Azim Premji. Photo: Mint

Indian billionaire Azim Premji’s investment arm Premji Invest has acquired a 9.7% stake in TVS Credit Services Limited, the financing unit of two-wheelers maker TVS Motor Company, for Rs 737 crore ($89 million), according to a company announcement.

Edited by: Padma Priya