Daimler Hopes To Offload Tata 5.34% Ownership On-The-Cheap

Word on the street is that Daimler is trying to sell their 5.34% share in Tata Motors for cheap.  The company is hoping to sell the ownership at a price that is about 4-7% below the close of Monday’s stock price.  This way they can raise about $429 million.  Tata’s stock price has risen about 19% since February 26 as sales for Jaguar and Land Rover has recovered. [TruthAboutCars]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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