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As On 30-Sep-2022 EOD, Market Closed
SENSEX
57,426.92
1,016.96 (1.80%)
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  • Tata Passenger Electric Mobility to acquire Ford India's Sanand Plant

    For consideration of Rs 725.7 cr

    Tata Motors announced that its subsidiary, Tata Passenger Electric Mobility (TPEML) and Ford India (FIPL) have executed an unit transfer agreement for the acquisition of FIPL's man...Tata Motors announced that its subsidiary, Tata Passenger Electric Mobility (TPEML) and Ford India (FIPL) have executed an unit transfer agreement for the acquisition of FIPL's manufacturing plant situated at Sanand, Gujarat which includes: (i) entire land & buildings; (ii) vehicle manufacturing plant along with machinery and equipment situated therein; and (iii) transfer of all eligible employees of FIPL's vehicle manufacturing operations at Sanand for a total consideration of Rs 725.7 crore. FIPL will continue to operate its powertrain manufacturing facility by leasing back the land and buildings of the powertrain manufacturing plant from TPEML on mutually agreed terms. TPEML has agreed to offer employment to the eligible employees of FIPL's powertrain manufacturing plant in the event of FIPL's cessation of such operations. The completion of the transaction will be subject to the receipt of relevant approvals of the government authorities and fulfilment of customary condition precedents. Government of Gujarat, TPEML and FIPL have already executed a tripartite MoU on 30 May 2022 to support all relevant approvals for the above transaction. TPEML would make the necessary investments to reconfigure the plant to adapt to Tata Motors' existing and future vehicle platforms. The unit is adjacent to the existing manufacturing facility of Tata Motors Passenger Vehicles at Sanand, which should help in a smooth transition.



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Flash News 30-Sep-2022
  •  ( 15:47) Indices snap 7-day losing streak, Sensex surges 1,017 pts, Nifty reclaims 17,000  
  •  ( 15:21) Dilip Buildcon emerges as L-1 bidder for Rs 723-cr project  
  •  ( 14:39) Goa Carbon temporarily shuts Goa unit  
  •  ( 14:37) Nifty above 17,100 level, metal stocks advance  
  •  ( 12:54) Heritage Foods board approves 1:1 rights issue  
  •  ( 12:34) Market at day's high; Nifty above 17,000; VIX slides over 6%  
  •  ( 12:06) Zydus Lifesciences arm gets 2 observations from USFDA  
  •  ( 12:03) Motherson Sumi Wiring board approves 2:5 bonus issue  
  •  ( 11:37) Nifty above 16,950 mark, Financial services stocks advance  
  •  ( 11:11) LIC raises stake in Deepak Nitrite  
  •  ( 10:57) Bajaj Electricals bags order worth Rs 332 crore  
  •  ( 10:45) Sensex gains 331 pts, Nifty above 16,900 level, RBI hikes key rates  
  •  ( 10:24) IRCON completes Hajipur-Bachhwara doubling project  
  •  ( 10:10) RBI hikes repo rate by 50 bps to 5.90%  
  •  ( 09:47) Lupin gets USFDA nod on Mirabegron tablets  
  •  ( 09:33) Indices edge lower ahead of RBI policy, breadth positive  
  •  ( 08:53) Asian stocks trading lower  
  •  ( 08:28) Tata Comm launches Private 5G Global CoE in India  
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30 September 2022 00:00
3342.15
(-1.26 %)
733.50
(2.07 %)
7337.55
(3.28 %)
1678.60
(2.63 %)
799.75
(4.49 %)
4333.95
(-0.58 %)
2289.50
(2.27 %)
932.55
(1.07 %)
1422.40
(2.93 %)
2696.85
(-0.18 %)
862.80
(2.22 %)
1186.30
(3.78 %)
1413.10
(1.11 %)
332.00
(-0.32 %)
1821.25
(3.22 %)
1848.70
(1.87 %)
1268.70
(0.96 %)
8823.55
(2.35 %)
19124.60
(0.77 %)
159.75
(0.03 %)
212.15
(1.75 %)
2377.70
(2.25 %)
531.05
(1.74 %)
949.00
(1.96 %)
99.30
(2.53 %)
3004.60
(0.24 %)
1008.20
(-0.23 %)
2606.55
(2.95 %)
6249.85
(1.23 %)
394.30
(0.22 %)
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