Tata Motors LTD, India’s biggest truck producer, is planing to sell a stake in its financing arm, as Reuters reports, citing a company official.
We are looking at various options for offloading the stake, the company’s Vice Chairman, Ravi Kant said at a press conference in New Delhi. He failed to provide additional details about the business scheme.
Tata has performed similar actions in the past, in order to raise funds. In 2009, the company sold some stakes in its Tata Steel subsidiary … (read more)