Force Motors Share Price in Focus; Acquires Veera Tanneries as Wholly Owned Subsidiary

Force Motors Limited has completed the acquisition of Veera Tanneries Private Limited through a share purchase agreement executed on April 23, 2026. The transaction, finalised following earlier disclosures, involves the purchase of the entire shareholding of the company. 

With this development, Veera Tanneries has become a wholly owned subsidiary of Force Motors.

Acquisition Details

The company has entered into a share purchase agreement with Veera Tanneries Private Limited and its shareholders to acquire 100% ownership. The total consideration for the transaction stands at ₹161.96 crore.

Transition to Wholly Owned Subsidiary

Following the completion of the acquisition, Veera Tanneries has officially become a wholly owned subsidiary of Force Motors. This transition brings the acquired entity fully under the company’s operational and strategic framework.

Regulatory Disclosures

The company stated that relevant disclosures under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations had already been made in earlier communications dated February 4 and February 6, 2026. The latest update confirms the execution of the agreement.

Force Motors Share Price Performance

Shares of Force Motors Ltd were trading at ₹20,278.00 as of 24 April 2026, 2:35 PM, down 2.27% from the previous close of ₹20,750.00. 

Read More: Infosys Announces ₹25 Final Dividend; Sets June 10, 2026 as Record Date After Q4 Results.

Conclusion

The completion of the acquisition marks a formal step in Force Motors’ expansion efforts. With Veera Tanneries now part of its subsidiary network, the company may look to align operations within its broader business structure while continuing to monitor market conditions.

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