(AFX UK Focus) 2010-03-08 16:33 UPDATE 2-Daimler selling Tata Motors stake -sources (Interactive Investor)

8 March 2010, 8:57 am

MUMBAI/FRANKFURT, March 8 (Reuters) - German carmaker Daimler is selling its entire stake in India's Tata Motors for up to $429 million, sources familiar with the matter said on Monday. Daimler was offering 25.6 million shares in India's largest vehicle maker at 737.4 rupees ($16.2) to 761.3 rupees each, a discount of 4 percent to 7 percent below the stock's Monday close of 796.75 rupees ...... Read More »

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