Renault to buy Nissan's stake in India manufacturing unit, taking full ownership [Yahoo! Finance Canada]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
Company Research
Source: Yahoo! Finance Canada
India Private Ltd, currently held by Nissan Motor Corp, taking complete ownership of the manufacturing plant. Located in the southern Indian city of Chennai, RNAIPL began operations in 2010, with Paris-based Renault and Japan-based Nissan holding a 30% and 70% stake, respectively. Nissan's stake was reduced to 51% as part of a deal in 2023 to jointly invest $600 million to make six new models in India. (Reporting by Ananta Agarwal in Bengaluru; Editing by Shilpi Majumdar) Recommended Stories
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