* Mumbai - Tata Motors and Tata Capital are looking to sell their 90% stake in Tata Technologies
-- India's largest bus and truck maker Tata Motors and the Tata group's private equity fund Tata Capital are looking to sell their 90% stake in Pune-based auto designer Tata Technologies, two people with direct knowledge of the plan said. The valuation of the two-decade-old company is being pegged at $1 billion or Rs 6,200 crore, they said... Tata Motors owns around 70.43% of the unit, while various Tata Group companies including Tata Capital hold a 17.36% stake. The rest is owned by employees of Tata Technologies through stock options, according to the company's annual report for FY2014...
(Photo: Tata Group headquarters) -- Mumbai, India - The Economic Times, by Baiju Kalesh & Sneha Shah - 7 Apr, 2015Labels: truckmakers news India
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