Aditya Birla group sells pulp, paper biz to ITC for ₹ 3,500 cr

Completion of the acquisition is expected by the end of the first half of this year

- ENS ECONOMIC BUREAU @ New Delhi

RENAULT GROUP will acquire 51% stake in Renault Nissan Automotive India, and as a result would own 100% in the company, the French automaker said on Monday.

The company has, however, not revealed the total consideration of the transaction, which is subject to regulatory approvals and its completion is expected by the end of the first half of 2025.

The two automakers - Renault and Nissan - have also entered into an operational agreement to continue the current projects between Renault Group and Nissan, and define the future relationship of Renault Group and Nissan in India. Nissan will continue to use RNAIPL as a sourcing for India and export in the coming years. Renault Nissan Automotive India Pvt Ltd (RNAIPL) has a manufacturing facility in Oragadam on the outskirts of Chennai, where the company produces cars for both domestic and export markets. The plant has the capacity to produce 400,000 cars annually.