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Tata Motors to buy Marcopolo s stakes in bus, coach JV for Rs 99 96 cr (Ld)

Tata Motors to buy Marcopolo s stakes in bus, coach JV for Rs 99.96 cr (Ld) ​ By IANS | Published on ​ Thu, Dec 17 2020 16:51 IST | ​ 5 Views   Tata Motors to buy Marcopolo s stakes in bus, coach JV for Rs 99.96 cr. Image Source: IANS New Delhi/Chennai, Dec 17 : Indian automobile major Tata Motors Ltd on Thursday said it would buy the 49 per cent stakes of Marcopolo S.A. in the bus and coach making joint venture Tata Marcopolo Motors Ltd for Rs 99.96 crore. In a regulatory filing, Tata Motors said that as a consequence of its refreshed business strategy, Marcopolo S.A has decided to exit from the joint venture and offered to sell its 49 per cent shareholding in Rs 170 crore capital Tata Marcopolo to it.

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