CORPORATE
TVS Motor to offload stake in Rapido to Accel, MIH for Rs 288 crore
- IBJ Bureau
- Nov 07, 2025
TVS Motor Company has announced that it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore. The two- and three-wheeler manufacturer has signed agreements with Accel India VIII (Mauritius) and MIH Investments One for the monetisation of investment held in Roppen Transportation Services (Rapido), according to a stock exchange filing.
In 2022, TVS Motor had entered into a strategic partnership with the on-demand delivery and mobility platform Rapido for collaboration in areas of mutual interest and the commercial mobility ecosystem. The company proposes to divest its shareholding in Rapido, comprising 11,997 Series D CCPS to Accel India VIII (Mauritius) for Rs 143.96 crore and 10 equity shares and 11,988 Series D CCPS to MIH Investments One BV for Rs 143.97 crore, TVS Motor has said in the filing.
The completion of the transaction is subject to regulatory approvals obtained by buyers, it has added.
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