Force Motors Limited has executed a Memorandum of Understanding to acquire 100% shares of Veera Tanneries Private Limited (VTPL) for ₹175 Crore. The acquisition is subject to due diligence and mutually agreed terms. The transaction is expected to enhance Force Motors’ portfolio.
Acquisition Announcement
Force Motors Limited has announced its intent to acquire 100% of Veera Tanneries Private Limited (VTPL). A Memorandum of Understanding was executed on February 6, 2026, outlining the key terms of this potential transaction.
Financial Details of the Deal
The total consideration for the acquisition is ₹175,00,00,000 (Rupees One Hundred and Seventy Five Crores). This figure is subject to standard deductions for applicable taxes. The final consideration may also be adjusted based on the findings of the due diligence process.
Conditions and Next Steps
The completion of the acquisition is contingent upon several factors, including the completion of a satisfactory due diligence review and the agreement on definitive terms and conditions. Both parties will now work towards finalizing the necessary agreements to complete the transaction.
Source: BSE
