India’s TVS Motor to Demerge Finance Business, Beats Profit View
TVS Motor plans to demerge its finance business and reported quarterly profit above expectations, citing strong demand.
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10:29:32 AM UTC
SquawkNews
TVS Motor NSE:TVSMOTOR, India's third-largest two-wheeler maker by sales volume, said it would spin off its consumer-finance business into a separately listed entity and reported a bigger-than-expected quarterly profit on strong vehicle demand, sending shares up 3.7%.The Jupiter scooter maker's sec…