Motor India Limited (HMIL) has signed a ‘Term Sheet’ for the potential
acquisition of identified assets related to General Motors India, Talegaon
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.
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