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Daimler sells equity interest in Tata Motors

Wednesday, March 10th, 2010 | Car News

Daimler today sold all of its 5.34% of the ordinary shares of Indian automotive company Tata Motors to various groups of investors through the capital market. Tata Motors’ share price has risen significantly, especially last year, so Daimler will receive a substantial cash inflow of approximately E300 million from the sale of its shares.