Question
Which automobile company has signed a Securities
Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of a 26.79 per cent stake in Freight Tiger enabling Tata Motors to further invest Rs 100 crore over the next two years.Solution
Tata Motors signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of a 26.79 per cent stake in Freight Tiger. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 crore over the next two years, at the then-prevailing market value. Tata Motors’ strategic investment in Freight Tiger will accelerate the company's initiatives in driving effectiveness and efficiency in the truck and freight ecosystem.
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