TVS Motor shares in focus on completing 39% stake acquisition in DriveX Mobility

TVS Motor Company completed the acquisition of a 39.11% stake in DriveX Mobility, increasing its total stake to 87.38%, making DriveX a subsidiary. DriveX, founded by Narain Karthikeyan, is a digital platform for pre-owned two-wheelers. TVS shares rose 21.35% over the past year but fell 16% in the last 3 months, closing at Rs 2,388.15.