Tata Motors Limited has increased its stake in Freight Commerce Solutions Private Limited (Freight Tiger) to ~ 63% through purchase of different classes of shares from three selling shareholders: Lightspeed India Partners; Florintree Infra; and Mr. Swapnil Shah, for an aggregate amount of ₹95.66 crore.
TT&A advised Tata Motors on this transaction.
The transaction team consisted of Sachin Mehta (Partner), Pooja Menon (Partner), Radhika Sarda (Senior Associate), Eshani Agarwal (Associate) and Ruchi Tripathi (Company Secretary).
TT&A had advised Tata Motors on their previous investments in Freight Tiger as well.
S&R Associates advised Freight Tiger and Founder Mr. Swapnil Shah on this transaction.
The transaction was led by Kinnari Sanghvi (Partner), with support from Shreya Jaipuria (Senior Associate), Associates Sourav Kumar and Pradhumna Mohan Dixit.
Shardul Amarchand Mangaldas & Co advised selling shareholder Lightspeed India Partners on this transaction.
Agram Legal Consultants advised selling shareholder Florintree Infra on this transaction.
Freight Tiger is a provider of technology-based logistics and transportation solutions.
Tata Motors' strategic investment in Freight Tiger will accelerate the Company's initiatives in driving effectiveness and efficiency in the truck and freight ecosystem.
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