Popular Vehicles to Buy Maruti Suzuki Dealer RKS Motor

MT Newswires Live

2025/10/08

Popular Vehicles and Services' (NSE:PVSL, BOM:544144) board has approved the acquisition of R.K.S. Motor, a Maruti Suzuki dealer in Telangana, India, for a consideration not exceeding 930 million Indian rupees, according to a Wednesday filing on Indian bourses.

The transaction, to be executed via a slump sale agreement, is expected to close by Oct. 31, subject to necessary approvals and conditions precedent, Popular Vehicles said in the filing.

Additionally, the board approved setting up a step-down subsidiary under Popular Mega Motors (India) to launch a spare parts and accessories e-commerce platform.

It also approved a proposal to explore opportunities for adding another luxury dealership brand, the company said.

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Motor, a Maruti Suzuki dealer in Telangana, India, for a consideration not exceeding 930 million Indian rupees, according to a Wednesday filing on Indian bourses.</p><p>The transaction, to be executed via a slump sale agreement, is expected to close by Oct. 31, subject to necessary approvals and conditions precedent, <a href=\"https://laohu8.com/S/BPOPM\">Popular</a> Vehicles said in the filing.</p><p>Additionally, the board approved setting up a step-down subsidiary under Popular Mega Motors (India) to launch a spare parts and accessories e-commerce platform.</p><p>It also approved a proposal to explore opportunities for adding another luxury dealership brand, the company said.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MND","symbol_name":"MSCI 印度（美元）指數","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573944901","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573944901","pubTimestamp":1759918135,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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