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Renault Set to Buy Out Nissan's Stake in India JV
Hindustan Times Patna
|April 01, 2025
Renault Group to own 100% of RNAIPL by buying 51% stake held by Nissan
NEW DELHI: French auto major Renault on Monday said it will buy out its Japanese partner Nissan's stake in their Indian joint venture -- Renault Nissan Automotive India Private Ltd.
Renault Group would own 100% of Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring the 51% shareholding currently held by Nissan, the company said in a statement.
The company, however, did not disclose the financial details of the transaction.
Renault Group and Nissan have entered into a share purchase agreement to this effect.
Upon the completion of this transaction, Renault Group would own 100% of RNAIPL, it added.
The agreement also includes an operational agreement to continue the current projects between Renault Group and Nissan, and to define the future relationship of Renault Group and Nissan in India.
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