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- Tata Motors has formalized a Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) with Freight Commerce Solutions Private Ltd to purchase a 26.79% stake in ‘Freight Tiger,’ amounting to Rs 150 crore.
- Furthermore, the SSA contains a provision permitting Tata Motors to inject up to Rs 100 crore more within the following two years, based on the market value at that time.
- ‘Freight Tiger’ is known for its digital platform that provides comprehensive logistics solutions across the value chain for the transportation of goods within the nation.