113755 Investors following Tata Motors. Share this News with them.
0
Like this story, share it with millions of investors on M3
Tata Motors eyes Actis stake in Swaraj Mazda
Tata Motors, India's largest commercial vehicles maker, is looking at buying private equity firm Actis' stake in truck and bus maker Swaraj Mazda, the Economic Times reported on Tuesday.
Tata Motors , India's largest commercial vehicles maker, is looking at buying private equity firm Actis' stake in truck and bus maker Swaraj Mazda, the Economic Times reported on Tuesday.
UK-based Actis, which owns 7.74% in Swaraj and another 9.28% through its unit CDC, is considering exit options, the newspaper said, citing unidentified people familiar with the matter.
Other auto makers, including an engineering firm, are also looking at the Actis stake in Swaraj Mazda, which is majority owned by Sumitomo Corp, the paper said.
"This is speculative," a Tata Motors spokesman told Reuters and declined further comment on the report.
Actis India head JM Trivedi refused to comment on the issue, the paper said.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| Motherson Sumi | Iran | Suzlon Energy | Reliance Power | Singapore Telecommunications | Sun Pharma | BSE Sensex | Tamil Nadu | Coal India IPO | State Bank of India 
