# 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.

- Type: Acquisition
- Announced: 2020-12-17
- Where: India
- Value: $1.35M (100.0M INR)
- Status: announced
- Products: bus bodies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tata Motors Limited](https://endata.com/companies/15362.md) (acquirer)
- [Marcopolo](https://endata.com/companies/32546.md) (target)
- [Tata Marcopolo Motors](https://endata.com/companies/51960.md) (target)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/commercial-vehicle/mhcv/tata-motors-to-acquire-remaining-stake-in-bus-making-jv-with-marcopolo/79773797), 2020-12-17: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.