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Tata Motors Limited ( (IN:TATAMOTORS) ) has provided an update.
Tata Motors Limited announced the sale of its 80% stake in Jaguar Land Rover Ventures Limited (JLRV) and Artifex Interior Systems Limited (AISL) to Tata Autocomp Systems Limited (TACO). This strategic move results in JLRV and AISL ceasing to be subsidiaries of Tata Motors, effective March 28, 2025. The transaction is valued at GBP 77 million, with potential additional deferred consideration, and is conducted at arm’s length, reflecting Tata Motors’ ongoing efforts to streamline its operations and focus on core business areas.
More about Tata Motors Limited
Tata Motors Limited is a prominent player in the automotive industry, primarily engaged in the manufacturing of vehicles, including cars, utility vehicles, buses, trucks, and defense vehicles. The company focuses on both domestic and international markets, with a significant presence in the global automotive sector.
YTD Price Performance: -10.76%
Average Trading Volume: 808,395
Current Market Cap: 2461.2B INR
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