Tata Motors to acquire remaining 49% stake in Tata Marcopolo Motors

Tata Motors signed an agreement to purchase the remaining 49% shareholding from Marcopolo SA in Tata Marcopolo Motors for INR 99.96 crore, making it a wholly-owned subsidiary.

“Tata Motors on Thursday announced that the company has signed an agreement to purchase the balance 49% shareholding from the joint venture partner, Marcopolo SA in Tata Marcopolo Motors (TTML) for a cash consideration of INR 99.96 crore.”auto.economictimes.indiatimes.com

• 1 source
• auto.economictimes.indiatimes.comTata Motors to acquire remaining stake in bus-making JV with Marcopolo, ETAutoET AutoDec 17, 2020

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