TVS Motor Company signed a share purchase agreement on 16 May 2022 with Karan Makhija Shunmuga Krishnan Sidharth Middela Fabric IOT Fabric IOT and Intellicar Telematics Intellicar a wholly owned subsidiary of TVS Motor to divest the entire shareholding 100Percentage of TVS Motor in Intellicar to Fabric IOT as per the terms of the agreement Post the transaction Intellicar and its wholly-owned subsidiary Intellicar Singapore will cease to be subsidiaries of TVS Motor
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