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]
Daimler Hopes To Offload Tata 5.34% Ownership On-The-Cheap
Categories: Daimler AG, Tata Motors.