Tata Motors Limited to acquire remaining stake in bus-making joint venture with Marcopolo SA
TMML will become a wholly-owned subsidiary of Tata Motors after it purchases the 49 percent shareholding of Marcopolo S.A. in the joint venture.
Dec 22, 2020 17:17:26 IST
Indian automobile company Tata Motors Limited on 17 December 2020 announced that the company has signed a share purchase agreement where the company will purchase the balance 49 percent shareholding from the joint venture (JV) partner, Marcopolo SA in Tata Marcopolo Motors Limited (TMML) for a cash consideration of Rs 99.96 crore. TMML will become a wholly-owned subsidiary of Tata Motors after it purchases the 49 percent shareholding of Marcopolo SA in the joint venture. Also, all technologies pertaining to existing bus body products manufactured will continue to vest with TMML.
Is CF A Good Stock To Buy According To Hedge Funds? yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
76
Bhubaneswar: Akash Pathak, son of IFS officer Abhay Kant Pathak, who was taken on a 4-day remand in connection with Rs 65 lakh fraud charges levelled against him by Sky King travel agency, concluded today.
This was informed by Bhubaneswar Deputy Commissioner of Police Umashankar Dash.
Informing about the end of four-day police remand of Akash, the DCP said, “We had taken Akash on four-day remand in connection with a case filed at Kharavel Nagar police station to elicit more information and evidence and take the investigation ahead. The purpose for which we had taken him on remand was successful. We will soon bring the case to the conclusion.”
Marcopolo Exits From Tata Marcopolo JV - Tata Motors Buys Their Stake brazilsun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brazilsun.com Daily Mail and Mail on Sunday newspapers.
Price hike to dampen demand recovery for Indian automakers: Fitch Ratings
Festive demand helped sustain the growth after September but the pace slowed to 5 per cent in November from 14 per cent in October.
Fitch Ratings
As the pent-up demand and festive spending witness a dip in the country, Indian automakers looking to pass on higher commodity prices to customers will experience dim prospects in recovery of demand after December, Fitch Ratings said on Thursday.
Pent-up demand after gradual easing in the government s lockdown measures helped monthly wholesale volume of passenger vehicles (PVs) return to growth after July. PV wholesale volumes rose by 13 per cent year-on-year in the quarter ended September.