TATA MOTORS LIMITED Bombay House 24, Homi Mody Street, Mumbai 400 001, Maharashtra, India Tata Motors signs Definitive Agreement to acquire 27% stake in ‘Freight Tiger’Tata Motors LTD/Fi • October 20th, 2023 • Motor vehicles & passenger car bodies
Mumbai, October 20, 2023: Tata Motors and Freight Commerce Solutions Private Limited (‘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 Crores. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 Crores over the next two years, at the then prevailing market value.
