Tata Motors to buy remaining 49% in Tata Marcopolo

Tata-Motors

Tata Motors and Marcopolo S.A. have entered into a share purchase agreement where the company will purchase the balance 49% shareholding in Tata Marcopolo Motors Limited (TMML) for a cash consideration of Rs 99.96 crore.

Post the purchase, TMML will become a wholly owned subsidiary of the company.

News Source: Moneycontrol

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