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."
Tata Neu is the super app venture of Tata Group.
These dealerships may be opened in the next 6 to 12 months.
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
Project to be completed within 18 months.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
Company has passed on the cost of this regulatory compliance to customers in the form of higher prices.
It will be first of its kind in India.