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Tata Motors, Tata Capital to sell 90% stake in Tata Technologies: Report

08 Apr 2015 Evaluate

India’s largest bus and truck maker Tata Motors and the Tata group’s private equity fund Tata Capital are reportedly planning to sell their 90% stake in Pune-based auto designer Tata Technologies. The valuation of the two-decade-old company is being pegged at $1 billion or Rs 6,200 crore.

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.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.

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