Force Motors to Acquire Veera Tanneries for ₹175 Crore, Deal Subject to Due Diligence

• Force Motors Ltd announced an MoU to acquire 100% shares of Veera Tanneries Private Ltd (VTPL) for ₹175 crore.
• The acquisition is contingent on due diligence, mutually agreed terms, and regulatory approvals.
• This follows a previous announcement on February 4, 2026, regarding the acquisition.
• Force Motors reported a Q3 net profit of ₹406.1 crore, a significant jump from ₹115.3 crore last year.
• Q3 revenue rose 12.6% to ₹2,128 crore, with EBITDA climbing 61.4% to ₹373.8 crore, and a one-time gain of ₹211 crore.