Nissan realigns India operations, shifts focus in new Renault alliance
** Nissan Motor (TSE: 7201) is undertaking a strategic overhaul of its Indian operations and modifying key aspects of its alliance with Renault, according to announcements released today. A primary component of this realignment involves Renault Group acquiring 100% ownership of Renault Nissan Automotive India Private Ltd (RNAIPL), with Nissan selling its 51% stake in RNAIPL ordinary shares and 80.6% in preferred shares. The total value of this transfer to Renault Group will be valued at approximately INR35.3 billion (INR29 billion for ordinary shares and INR6.3 billion for preferred shares). As part of the agreement, Nissan will be reimbursed INR25.5 billion for existing intragroup loans over the next three years.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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