26.4 C
Delhi
Friday, March 14, 2025

Hyundai signs ‘Term Sheet’ for potential acquisition of GM’ Plant

Date:

Share post:

Donate-GC-Razorpay

Gurugram: Hyundai Motor India Limited (HMIL)on Monday signed a ‘Term Sheet’ for the potential acquisition of identified assets related to General Motors India, Talegaon Plant, Maharashtra.

The Term Sheet covers the proposed acquisition of (i) Land & Buildings and (ii) Certain machinery and equipment for manufacturing situated at General Motors India, Talegaon Plant. The proposed acquisition is subject to the signing of the ‘Definitive Asset Purchase Agreement’ and fulfillment of conditions precedent and receipt of regulatory approvals from relevant Government Authorities and all the stakeholders related to the acquisition.

Related articles

Why Balochistan Should Be Independent of Pakistan

Balochistan, Pakistan’s largest yet most underdeveloped province, has long been a region marked by struggle, resistance, and aspirations...

Over 190 earthquakes occur in Iceland’s Reykjanes Peninsula

Helsinki: Large earthquake swarms started in southwestern Iceland's Reykjanes Peninsula since the afternoon of Wednesday.More than 190 earthquakes...

J&K: SF apprehend 2 suspected individuals with arms, ammunition in Bandipora

Srinagar: Security Forces (SF) during a Joint Search Operation apprehended two suspected individuals and recovered arms and ammunition...

Brazil calls U.S. tariff hikes on steel, aluminum unjustified and mistaken

Brasilia: Brazil's government on Wednesday called the U.S. decision to increase tariffs on steel and aluminium imports to...