Force Motors reducing stake in its joint venture with MAN
Deal worth INR3bn, venture becomes 50:50
India-based Force Motors has signed an agreement with German truckmaker MAN to reduce its stake in their existing joint-venture, MAN Force Trucks Pvt. Ltd. Currently, Force Motors owns 70% stake, while MAN holds the remaining 30%. The reduced stake will mean that the company becomes a 50:50 joint-venture.
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