FORCE MOTORS LTD
Force Motors Ltd was established in 1958, is the flagship company of the Abhay Firodia group. The company is in the business of manufacturing fully vertically integrated small and light CVs, multi-utility vehicles, and agricultural tractors, which it supplies to various countries in the Middle East, Asia, Latin America, and Africa. It was known as Bajaj Tempo till 2005
What FORCE files
- Others72
- Important42
- Updates9
- Board Meeting8
- Dividend/Bonus4
- JV/Acquisition3
Force Motors has finalized the acquisition of Veera Tanneries Private Limited (VTPL) by executing a Share Purchase Agreement. The company paid Rs. 161.96 Cr to acquire VTPL's entire shareholding, making it a Wholly Owned Subsidiary. This strategic move gives Force Motors complete operational control over VTPL, signifying a notable expansion....
Force Motors is set to acquire a 100% stake in Veera Tanneries Private Limited (VTPL). The deal is valued at Rs. 175 Cr, marking a significant financial commitment. This complete takeover will fully integrate VTPL's operations into Force Motors, potentially enhancing its operational footprint and asset portfolio. The acquisition, subject...
Force Motors' board has approved exploring a 100% acquisition of Veera Tanneries Private Limited (VTPL). The strategic rationale is clear: FML aims to acquire VTPL's land bank for expanding its existing business. While VTPL itself is a relatively small company, with its highest annual turnover in the last three years...