Acquisitions6 Feb 2026, 09:31 pm
Force Motors to Acquire Veera Tanneries for Rs. 175 Crores
AI Summary
Force Motors Limited has signed a Memorandum of Understanding with Veera Tanneries Private Limited (VTPL) and its shareholders to acquire 100% shares in VTPL. The total consideration for the acquisition is Rs. 175,00,00,000, subject to deduction of applicable taxes. The acquisition is subject to the successful completion of due diligence and mutually agreed terms and conditions. The definitive agreements will be formed based on these agreed terms and conditions. The disclosures required under SEBI LODR Regulations have already been furnished by the company.
Key Highlights
- Force Motors to acquire 100% shares in Veera Tanneries Private Limited
- Total consideration for the acquisition is Rs. 175 Crores
- Acquisition subject to successful due diligence and mutually agreed terms and conditions
- Definitive agreements to be formed based on these agreed terms and conditions
- Disclosures required under SEBI LODR Regulations have been furnished by the company