Nissan Transfers Indian Subsidiary Shares to Renault Group

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Nissan Transfers Indian Subsidiary Shares to Renault Group

Nissan Motor Co ( (JP:7201) ) just unveiled an announcement.

Nissan Motor Co., Ltd. has decided to transfer its shares in Renault Nissan Automotive India Private Ltd. to Renault Group B.V. This strategic move involves the sale of 51% of equity shares and 80.6% of preferred shares, amounting to a total of 35.3 billion INR. The transaction is expected to be completed by the end of the first half of 2025, subject to regulatory approvals. This decision reflects Nissan’s ongoing efforts to streamline its operations and potentially strengthen its strategic partnership with Renault, impacting its market positioning and stakeholder interests.

More about Nissan Motor Co

Nissan Motor Co., Ltd. is a prominent player in the automotive industry, primarily engaged in the manufacturing of automobiles. The company has a significant market presence and is known for its innovative vehicles and strong global partnerships.

YTD Price Performance: -13.04%

Average Trading Volume: 40,653

Technical Sentiment Signal: Buy

Current Market Cap: $9.15B

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