Tata Motors has acquired 26.79 per cent stake in Freight Commerce Solutions Private Ltd (Freight Tiger) for a consideration of Rs 150 crore.
The securities subscription agreement (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. ‘Freight Tiger’ is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country.
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