Popular Vehicles and Services Ltd announced the completion of the divestment of its shares in Vision Motors Private Limited (VMPL) on August 25, 2025. This action aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This divestment follows previous announcements on February 12, 2025, and May 29, 2025, regarding the Board of Directors' approval for the sale of a 100% stake in VMPL, a step-down subsidiary. The stake was held by Popular Mega Motors (India) Private Limited, along with its nominee.
The announcement is also available on the company's website.
In compliance with Regulation 30 read with Para A of Part A of Schedule III and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Popular Vehicles & Services confirms the completion of the shares divestment on August 25, 2025.
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