TVS Motor will be selling its entire stake in bike-taxi aggregator Rapido for ₹287.93 crore. It'll sell 11,997 Series D compulsory convertible preference shares (CCPS) to Accel India VIII for ₹143.96 crore, and 10 equity shares along with 11,988 Series D CCPS to MIH Investments One BV for ₹143.97 crore. Notably, Rapido plans to start working on IPO by 2026-end.