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Deal● Neutral for Indian equities
Tata Motors CV arm buys 26% stake in Mateshwari E-Smart Mobility for ₹2.6 lakh
The brief
- The acquisition makes Mateshwari E-Smart Mobility an associate company
- The investment is intended to enhance Tata Motors’ e-mobility presence
- The small e-mobility investment adds exposure for Tata Motors shareholders
- S&P says Tata leadership transition or listing would not immediately affect group ratings
- Tata Group stocks fall after latest proposal from Tata Trusts on Tata Sons listing
- Why are Tata group stocks falling today? TTML, Tata Chem, TMPV dip up to 5%
- Tata stocks fall after Trusts propose restructuring to prevent Tata Sons listing
- Tata stocks fall after Trusts proposal clouds Tata Sons listing prospects