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.
Premium Content (PAID Subscription Required)
"CDC wins bid to buy India's Punjab Tractors" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.