Tata Motors will provide these vehicles over a period of three years.
The valuation of the company was estimated to be up to $3 billion.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
These products are in affordable pricing category.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
The company has reserved about 60% of the offer for retail investors, 30% for high net-worth investors and remaining 10% for institutional investors.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
Increase applicable on term deposits of less than Rs 2 crore.