Tata Motors Acquires 26% Stake in TP Paarthav and TP Marigold for ₹10.41 Crore and ₹28.78 Crore Respectively

Tata Motors Ltd, in accordance with SEBI regulations, has announced the acquisition of 26% equity stake in TP Paarthav Limited (TPPL) and TP Marigold Limited (TPML), both special purpose vehicles of Tata Power Renewable Energy Ltd. The cost of acquisition is ₹10.41 crore for TPPL and ₹28.78 crore for TPML. The acquisition aims to optimize Tata Motor’s power cost and carbon footprint by replacing grid power with cost-effective renewable power. Both TPPL and TPML are yet to commence operations and were incorporated in 2023 under the Companies Act, 2013. This acquisition will not fall under the related party transaction and post-acquisition, TPPL and TPML will become associate companies of Tata Motors Limited.