Force Motors exits JV with MAN

To sell 55,797,100 equity shares for 150 million Euros

21 Nov 2011 | 3882 Views | By Autocar Pro News Desk

Force Motors has exited the M&HCV manufacturing with German commercial vehicle major MAN. The company has announced it will sell and transfer 55,797,100 equity shares of Man Force Trucks Private Limited (MFTPL) to MAN, for a consideration of a hundred and fifty million Euros.

The Force-MAN JV was set up ...

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