The stake has been purchased from Lightspeed India Partners I LLC, Florintree Infra LLP and Swapnil Shah. Post completion of the transaction, Tata Motors will hold up to 63.6% stake in Freight Tiger on a fully diluted basis, and the company will subsequently operate as a subsidiary.
Freight Tiger is engaged in providing a SaaS-enabled marketplace and technology-based logistics and transportation solutions. It operates a cloud-based Transportation Management System (TMS) for corporates and a marketplace platform for fleet owners and logistics service providers.
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The company, founded in 2014 and headquartered in Mumbai, reported revenue from operations of ₹26.7 crore in FY25, compared with ₹17.8 crore in FY24 and ₹18.9 crore in FY23.
The acquisition is classified as a related party transaction, as Freight Tiger has been classified as an associate company and will become a subsidiary post completion. However, Tata Motors said promoters or promoter group entities have no interest in Freight Tiger, and the transaction is undertaken on an arm’s length basis.
No regulatory approvals are required, and the acquisition was completed on May 15, 2026. The deal was executed for cash consideration. Shares of Tata Motors Ltd ended at ₹356.55, up by ₹17.70, or 5.22%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
First Published: May 15, 2026 11:21 PM IST
