Force Motors has acquired Veera Tanneries (VTPL) for consideration of around Rs 161.96 crore for purchase of shareholding. For the same, the company has executed a Share Purchase Agreement involving the company, VTPL and shareholders of VTPL. Pursuant to the acquisition, VTPL has become a wholly owned subsidiary of the company.
Earlier, the board of directors of the company in its meeting held on February 4, 2026 had approved the acquisition.
Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
| Company Name | CMP |
|---|---|
| Ashok Leyland | 169.90 |
| Force Motors | 20344.80 |
| Olectra Greentech | 1201.95 |
| Tata Motors | 424.85 |
| SML Mahindra | 3896.50 |
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