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This Week In Auto: A 'U' Turn By Maruti Suzuki On Diesel?

This Week In Auto: A 'U' Turn By Maruti Suzuki On Diesel?
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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Marcopolo Exits From Tata Marcopolo JV - Tata Motors Buys Their Stake

Marcopolo Exits From Tata Marcopolo JV - Tata Motors Buys Their Stake
brazilsun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brazilsun.com Daily Mail and Mail on Sunday newspapers.

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Indices hit record high; Nifty above 13,740

Benchmark indices extended gains and hit record high levels in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 198.75 points or 0.43% at 46,865.21. The Nifty 50 index advanced 57.95 points or 0.42% at 13,740.65.
The S&P BSE Sensex hit a record high of 46,873.71 while the Nifty hit a record high of 13,742.40 in early afternoon trade. Investors reacted positively to comments from the U.S. Federal Reserve that it will continue to support the economy. Federal Reserve Chairman Jerome Powell also said on Wednesday that stock prices are not necessarily highly priced given how low interest rates are. Meanwhile, negotiators in Washington are shaping a new $900 billion coronavirus stimulus bill that is said to include a second stimulus check. ....

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Tata Motors To Buy Remaining 49% Share In Tata Marcopolo Motors For Nearly Rs. 100 Crore

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Tata and Marcopolo S.A. entered the 51:49 JV in 2006 and has launched models like the Starbus
Highlights
Tata Motors will buy them for a cash consideration of Rs. 99.96 crore
The two companies entered the JV in a 51:49 ratio in 2006
Tata Motors has announced entering into a share purchase agreement with Marcopolo S.A. to buy the remaining 49 per cent shareholding in their Joint Venture (JV) Tata Marcopolo Motors Limited (TMML). The homegrown carmaker has said that it will procure the remaining shares for a cash consideration of ₹ 99.96 crore, post which, TMML will become a wholly-owned subsidiary of Tata Motors. The two companies entered this 51:49 JV in 2006 to form one of the largest bus and coach manufacturers globally, however, the Brazilian bus and coach manufacturer has now decided to exit from the JV. ....

Uttar Pradesh , Tata Motors , Venture Jv Tata Marcopolo Motors Limited , Joint Venture , Tata Marcopolo Motors Limited , Coronavirus Pandemic , Tata Marcopolo Motors , Starbus Ultra , உத்தர் பிரதேஷ் , டாடா மோட்டார்கள் , துணிகர ஜுவ் டாடா மார்க்கோ போலோ மோட்டார்கள் வரையறுக்கப்பட்டவை , கூட்டு துணிகர , டாடா மார்க்கோ போலோ மோட்டார்கள் வரையறுக்கப்பட்டவை , டாடா மார்க்கோ போலோ மோட்டார்கள் ,

Tata Motors to acquire remaining 49% stake in Tata Marcopolo Motors

Tata Motors announced that the company has signed an agreement to purchase the balance 49% shareholding from the joint venture partner, Marcopolo SA in Tata Marcopolo Motors (TTML) for a cash consideration of Rs 99.96 crore.
Post the purchase, TMML will become a wholly owned subsidiary of the
Company. All technologies pertaining to existing bus body products manufactured will
continue to vest with TMML. In addition as part of the transition, Marcopolo S.
A. will continue
to license the Marcopolo trademarks to TMML for a minimum of 3 years with a non-compete
provision in India for a corresponding period. The transaction will not result in any impact on ....

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