TVS Motor completes Rapido share sale to two named Accel vehicles

TVS Motor Company Limited's 25 February 2026 exchange disclosure confirms that it completed the sale of an aggregate 11,997 Series D Compulsory Convertible Preference Shares in Roppen Transportation Services Private Limited to Accel Leaders 5 Holdings (Mauritius) Limited and Accel India VIII (Mauritius) Limited on that date. The disclosure records an event time of 18:17 IST. These are named purchasing vehicles, not a direct purchase by the Accel GP. The aggregate shares are not allocated between the buyers, and no monetary value or ownership percentage is inferred.