TT&A advised Tata Motors Limited (TML) in its acquisition of an incremental stake in Freight Commerce Solutions Private Limited (Company). TML acquired an additional stake of approx. 18% to increase its shareholding in the Company to approx. ~ ~ 63% through purchase of different classes of shares from three selling shareholders: (i) Lightspeed India Partners I, LLC; (ii) Florintree Infra LLP; and (iii) Mr. Swapnil Shah for an aggregate amount of INR 95.66 crores.

Tata Motors’ strategic investment in ‘Freight Tiger’ will accelerate the Company’s initiatives in driving effectiveness and efficiency in the truck and freight ecosystem.

TT&A Team: Sachin Mehta & Pooja Menon – Partners; Radhika Sarda – Senior Associate; Eshani Agarwal – Associate and Ruchi Tripathi – Company Secretary