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Tata Motors, India to acquire 27% stake in ‘Freight Tiger’
On October 19, Tata Motors signed a securities subscription agreement (SSA) and a shareholder’s agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger’ for a consideration of INR 1.5 billion. The SSA also includes a provision enabling Tata Motors to further invest INR 1 billion over the next two years,....
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