TVS Motor says no plans to buy LML assets

TVS Motor Co Ltd, India's third largest two-wheeler maker, said on Tuesday it does not have any plans to buy the assets of LML Ltd.


LML shares, which were up 20 percent earlier in the day on reports TVS was looking to buy its assets, later pared gains to trade up 11.97 percent at 13 rupees.

LML in a separate statement also said the report of asset sale was incorrect.