TVS Srichakra executed an Assignment and Assumption Agreement on 10th April 2026 with its subsidiary and Bristol Motor Speedway.
The company assumes sponsorship rights and obligations for USD 1,033,250 payable in tranches until December 2028.
This transaction enhances global brand visibility and qualifies as an arm's length related party transaction.
The agreement involves assuming two existing contracts: a Suite License and a Sponsorship Agreement.