TATA MOTORS: HYDERABAD STEP-DOWN SUBSIDIARY ACQUIRES 26% STAKE IN E-MOBILITY FIRM

• TML Smart City Mobility Solutions Limited (TSCMSL), a wholly owned subsidiary, invested ₹2,60,000 to acquire a 26% stake in Mateshwari E-Smart Mobility (Hyderabad) Private Limited (MEMHPL). • The acquisition supports the operation and maintenance of electric buses, aligning with the company's business objects. • Consideration was cash, ₹2,60,000/- for 26,000 equity shares at ₹10 each (at par).

Tata Motors Limited

Open attachment

← Back to feed