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Tata Motors purchases all share in JT Special Vehicles joint venture

On June 13, Tata Motors signed an agreement to purchase the balance 50% shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV). Further to this announcement, JTSV will become a wholly owned subsidiary of Tata Motors. Tata Motor purchases 2,500,000 share at face value of INR 10.
JTSV was formed in 2....

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