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73,088.33
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Corporate Announcement
Security Code
570001
Company
Tata Motors Ltd - DVR
Exchange Received Time
12/10/2021 16:57:55
Exchange Disseminated Time
12/10/2021 16:58:04
Time Taken
00:00:09
Announcement under Regulation 30 (LODR)-Meeting Updates |
10/12/21 16:57
Pursuant to the provisions of Regulation 30 of the SEBI LODR, we hereby wish to inform you
that the Board of Directors of Tata Motors Limited at its meeting
held today, i.e., on October 12, 2021, inter alia, has accorded its approval for:
(a) incorporation of a WOS in the name as may be approved by the Ministry of Corporate Affairs, Government of India ('TML EVCo'), to undertake its passenger electric
mobility business;
(b) execution of a Securities Subscription Agreement ('Agreement') with India Markets Rio Pte Ltd,
an entity affiliated with TPG Rise Climate (the climate investing strategy of TPG's global impact
investing platform TPG Rise) ('TPG Rise Climate'), in connection with an aggregate investment
of INR 7,500 crores by TPG Rise Climate in TML EVCo (the 'Proposed Transaction'); and(c) authorizing Directors and Officials of the Company to negotiate, finalise, execute and deliver the terms and conditions of other transaction documents in connection with the Proposed Transaction.
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