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      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.
      A Mahindra & Mahindra Ltd. Correct Answer Incorrect Answer
      B Hero MotoCorp Ltd. Correct Answer Incorrect Answer
      C Ashok Leyland Ltd. Correct Answer Incorrect Answer
      D Tata Motors Ltd. Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      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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