Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Kitara Capital to invest $18 m in MyTVS

    MyTVS, a multi-brand car service network and a subsidiary of Chennai-based USD 4-billion TVS Group, is raising USD 18 million from Mumbai-based private equity firm Kitara Capital, sources close to the development told VCCircle.
    February 15, 2011 / 18:45 IST

    MyTVS, a multi-brand car service network and a subsidiary of Chennai-based USD 4-billion TVS Group, is raising USD 18 million from Mumbai-based private equity firm Kitara Capital, sources close to the development told VCCircle.

    VCCirlce has learnt that Kitara Capital will take 25-30% stake in the company following the deal. When contacted to confirm the development, a MyTVS spokesperson said, he was not aware of any such development.

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347