CDC wins bid to buy India's Punjab Tractors

Newswire

NEW DELHI, July 25 (Reuters) - India's northern Punjab state said on Friday it had approved the sale of its controlling 23.49 percent stake in Punjab Tractors Ltd to Commonwealth Development Corporation. A government official told Reuters on the phone from the state capital, Chandigarh, the state cabinet had approved the stake sale in the country's third-biggest tractor firm at a price of 153 rupees a share.

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