Investment made under PLI scheme.
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.
Price increase will come into effect from April 1st.
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.
Vedanta is the parent company of Hindustan Zinc.
With over 15 years of engagement with the Bosch Group, Guruprasad has taken on several roles in engineering and business management.
Floor price for the offer-for-sale set at Rs 2,450 per share.
With this acquisition, M & M's stake in M.I.T.R.A is now 100%.