Tata Motors Ltd - Sale Of Subsidiary Of Tata Motors Limited - Disclosure In Terms Of Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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| 28 Mar 2025 | |
| Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that Jaguar Land Rover Limited, UK (''JLR''), a wholly owned subsidiary of Tata Motors Limited ("the Company''), has informed that JLR (''the seller'') and Tata Autocomp Systems Limited (Buyer/TACO) have entered into Share Purchase Agreement for, inter alia, sale of its 80% stake in Jaguar land Rover Ventures Limited (''JLRV'') a step down wholly owned subsidiary of the Company to TACO on March 28, 2025. Pursuant thereto, TACO has also acquired 80% stake in Artifex Interior Systems Limited (''AISL''), a wholly owned subsidiary of JLRV. Consequently, both JLRV and AISL cease to be subsidiaries of the Company w.e.f March 28, 2025. | |
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