(AFX UK Focus) 2010-03-09 04:10 Daimler sells stake in India's Tata Motors -source (Interactive Investor)

8 March 2010, 8:43 pm

MUMBAI, March 9 (Reuters) - German carmaker Daimler sold its stake in India's Tata Motors through block deals of more than 24 million shares, one source with direct knowledge of the transaction said. The deals on the Bombay Stock Exchange on Tuesday were done at a weighted average price of 758.45 rupees ($16.7) a share, data from the exchange showed. On Monday, sources had told Reuters Daimler ...... Read More »

More Topics from "News"

• ADA Group cos hike stake in Fame India (rediff.com)
• ADAG cos hike stake in Fame India to 13.8% (The Hindu)
• India May Raise as Much as $2.6 Billion From NMDC Share Sale (Bloomberg)
• Author writes about loss, family in India and US (AP via Yahoo! News)
• India May Raise $2.4 Billion From NMDC Share Sale (Update1) (Bloomberg)
• India Stocks Rose to Six-Week High, Led by Jaiprakash, Mahindra (Bloomberg)
• Zero Fees to End as India Tightens Rules for Sell-Off (Update1) (Bloomberg)
• India’s HT Media Surges to Two-Year High on Unit’s IPO Plans (Bloomberg)
• India’s Stocks Gain Amid Optimism GDP Growth Will Strengthen (Bloomberg)