Corporate News 19-Oct-23
Tata Motors to acquire minority stake in Freight Tiger
To invest Rs 150 cr for 26.79% stake in Freight Tiger and commits Rs 100 cr investment over next 2 years
Tata Motors and Freight Commerce Solutions (Freight Tiger) have today signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger' for a consideration of Rs 150 crore. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 crore over the next two years, at the then prevailing market value.
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