New Delhi, Sept. 29 -- A subsidiary of Tata Motors Limited, formerly TML Commercial Vehicles Limited, has acquired 26% stake in Mateshwari E-Smart Mobility (Hyderabad) Private Limited. Tata Motors' arm TML Smart City Mobility Solutions Limited, has invested Rs.2,60,000 in the Hyderabad-based company.

Tata Motors stock was trading lower during Tuesday's trading session as part of overall weaker sentiment prevailing across the Indian stock market today.

Tata Motors subsidiary, TML Smart City Mobility Solutions Limited, has purchased an invested Rs.2,60,000 in Mateshwari E-Smart Mobility (Hyderabad) Private Limited (MEMHPL). It will "constitute 26% in the paid up share capital in MEMHPL. Hence, pursuant to said investment, MEMHPL became an...