Stake/Capacity: 26% paid-up share capital in MEMHPL
Number of shares acquired: 26,000 equity shares of ₹10 each
Deal Value: ₹2,60,000/- (₹2.6 lakhs)
Structure: Cash consideration paid at par value (₹10 per share)
Payment method: Transfer from existing shareholder of MEMHPL
Funding Source: Not explicitly disclosed
Financial Impact: Not disclosed - MEMHPL was newly incorporated (August 11, 2026) with no turnover history
Timeline: Completed on September 28, 2026
Strategic Rationale:
The Company, through its wholly owned subsidiary TSCMSL, is participating in tenders issued by various Municipal Corporations for operations and maintenance of electric buses
TSCMSL along with Mateshwari Urban Transport Solutions Private Limited (holding company of MEMHPL) has been awarded the tender for operation and maintenance of Electric buses under The Telangana State Road Transport Corporation
The acquisition falls within the business objects of the Company for electric bus operations
Approval Status: Completed - no governmental or regulatory approvals required
Relationship Status:
Post-acquisition, MEMHPL became an Associate of Tata Motors Limited
Not considered a related party transaction at time of acquisition, but MEMHPL will become a related party subsequently
