Force Motors Acquires Veera Tanneries Private Limited, Forms Wholly Owned Subsidiary
Force Motors Limited announced the execution of a Share Purchase Agreement, completing the acquisition of Veera Tanneries Private Limited (VTPL). The agreement, finalized on April 23, 2026, saw the Company acquire the entire shareholding of VTPL.The transaction details indicate that the total consideration paid for the purchase of VTPL's entire shareholding was Rs. 161,96,25,729.
This acquisition solidifies VTPL's position within Force Motors Limited's operational structure. Following the agreement, VTPL has become a Wholly Owned Subsidiary of Force Motors Limited.
The update on the acquisition builds upon previous intimations provided by the Company regarding the transaction.
FORCEMOT Stock Price Movement
Today, Force Motors Ltd shares slipped by 4.61% to settle at ₹20,750. The stock saw considerable activity in the session, with a total traded volume recorded at 159,273 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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