Board of Force Motors approves binding arrangements with Man Trucks India

For sale and transfer of assets

The Board of Force Motors has accepted the proposal received from MAN Trucks India in respect of sale and transfer of certain assets, being immovable properties, movable properties and other assets of intangible nature, situated and being used by MAN Trucks India, at its plant at Pithampur District Dhar, Madhya Pradesh.

This arrangement is being recorded by binding agreements. The arrangement would be subject to receipt of necessary approvals.

It is expected that the actual transfer is to occur, subject to above, by end October, 2018 or as may be agreed between the Company and MAN Trucks India.

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