"With reference to the captioned subject, we would like to inform you that DRSR Advisory Services LLP ("DRSR") has pursuant to exercise of a Call Option available to DRSR under the Option Agreement, served a Call Notice requiring the Company to sell 3,32,195 Equity Shares of Rs. 10 each and 100 Compulsorily Convertible Preference Shares of Rs. 10 each held by the Company in TVS Automobile Solutions Private Limited ('TASL') constituting 2.76% of the Paid-up Capital of TASL on a fully diluted basis.," Mahindra & Mahindra said in a regulatory filing.