Force Motors has successfully concluded the acquisition of Veera Tanneries Private Limited (VTPL). Following the execution of a definitive share purchase agreement on April 23, 2026, the company has acquired the entire shareholding of VTPL. With this transaction, VTPL is now officially a wholly owned subsidiary of Force Motors. The total consideration for this strategic acquisition stands at Rs. 161,96,25,729.
Strategic Expansion through Acquisition
Force Motors has marked a significant milestone in its growth strategy by finalizing the total buyout of Veera Tanneries Private Limited (VTPL). This move, which follows preliminary announcements made in early February 2026, culminated in the signing of a formal Share Purchase Agreement on April 23, 2026.
Financial Summary of the Transaction
The company confirmed that the total investment required to acquire the entire shareholding of the entity is Rs. 161,96,25,729. By fulfilling the terms of the agreement, Force Motors has successfully integrated the firm into its corporate structure.
Future Impact
As a result of this transaction, VTPL now operates as a wholly owned subsidiary of Force Motors. This integration is expected to align with the company’s long-term business objectives and operational expansion plans. The company has fulfilled all necessary formal documentation requirements to finalize the transition of ownership.
Source: BSE
