Business Update19 Oct 2023, 11:32 pm
Tata Motors to acquire 26.79% stake in Freight Commerce Solutions
AI Summary
Tata Motors has signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) to acquire 26.79% stake in Freight Commerce Solutions Private Limited for a consideration of Rs 150 Crores. The acquisition is subject to satisfaction of customary condition precedents.,
Key Highlights
- Tata Motors to acquire 26.79% stake in Freight Commerce Solutions
- Investment of Rs 150 Crores
- Subject to customary condition precedents