In a regulatory filing, the company informed that TVS Supply Chain Solutions Australia Holding (TVS Australia) has signed a settlement agreement with Meyertran, Philptran and Mortrois in relation to certain disputes which had arisen between the parties thereto, in connection with the amounts payable by TVS Australia under a share sale agreement (SSA), as consideration towards acquisition of a stake in T.I.F. Holdings, Australia.

The settlement agreement has been entered into, in full and final settlement of the disputes pending between the parties in relation to the said SSA before the Supreme Court of Victoria, Australia.

Under the terms of the settlement agreement, TVS Australia, will make an aggregate payment amounting to AUD 6,000,000 in full and final settlement. The settl...

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